He later admitted that he had hidden about 600, 000 euros in a Swiss bank account.
In fact, it is frightening to think that this big Swiss bank could face criminal charges.
France's ex-Budget Minister Jerome Cahuzac has been charged with fraud over a secret Swiss bank account.
To be sure, the failure to disclose a Swiss bank account can constitute a crime.
FORBES: What Does The Flap Over Romney's Tax Returns Suggest About Disclosure of His Swiss Account?
He is accused of tampering with a list of suspected tax evaders with Swiss bank accounts.
In 1998, after a series of spectacular risk management failures, UBS merged with Swiss Bank Corp.
But the Swiss bank also forecast that it expects to declare another sizeable quarterly loss.
America's Federal Reserve approved the merger of Union Bank of Switzerland and Swiss Bank Corp.
They include labor leaders, an executive for a Swiss bank and a Chicago billionaire.
UBS, the product of the recent merger between Union Bank of Switzerland and Swiss Bank Corporation.
The money, he says, will come from taxes on secret Swiss bank accounts held by wealthy Italians.
Swiss bank UBS is reportedly near a settlement with American and British regulators over interest-rate rigging.
FORBES: Libor Scandal Extended To UBS: Bank Reportedly Near $450M Settlement With Regulators
German clients of the Swiss bank who are suspected of evading taxes are facing home raids and more.
FORBES: Credit Suisse Account Holders Face Search And Seizure
The prosecutor said Mr. Cahuzac had held a Swiss bank account starting in 1992 but offered no details.
Investigators believe that Trienekens, a waste-disposal company, may have put euro15m in intended kickbacks into Swiss bank accounts.
The Swiss bank is said to be nearing a settlement with American and British regulators over interest-rate rigging.
FORBES: Why UBS Is Better Off Than Barclays In Libor Rigging Case
What is more remarkable is the impact on British and Swiss bank stocks.
FORBES: The Cyprus Bailout Fiasco: European Markets Roll With the Punches
The challenge is co-sponsored by the Swiss bank BSI (Generali Group) and Generali.
The Swiss bank Wegelin is to close, after admitting that it helped about 100 US clients evade paying taxes.
The findings come from Swiss bank UBS' "Price and Earnings" survey that looks at purchasing power in 73 global cities.
Prosecutors say Lack helped U.S. clients hide assets from the IRS through accounts at UBS and another smaller Swiss Bank.
FORBES: U.S. Charges Swiss Banker For Helping Rich Americans Evade Taxes
Swiss bank UBS has just unveiled a report based on the movement of money by its clients around the world.
But since the money was held in a maze of Swiss bank accounts and offshore trusts, PaineWebber won't admit responsibility.
Germany's upper house of parliament has rejected a deal with Switzerland to tax German assets held in Swiss bank accounts.
Hans Kaufmann of Julius Baer, a Swiss bank, thinks it will water down Credit Suisse's earnings by 8% this year.
Germany has even threatened to spread its battle to Switzerland, Luxembourg and Austria, and is now reportedly investigating Swiss bank Vontobel.
In December the French authorities said that it had the details of 24, 000 Swiss bank accounts provided by a former HSBC employee.
These are not ETFs but ETNs so remember you have exposure should anything happen to UBS, the big Swiss bank backing them.
What's more, if you really want just to speculate on foreign currencies, you don't need a Swiss bank account to do so.
Earlier this month, the U.S. government told Swiss bank UBS to reveal the names of its U.S. clients with "undeclared" Swiss accounts.
应用推荐