Makes you wonder if anyone is really in charge of Swiss banking? Appears the Regulator FINMA isn't when the courts say it was wrong in requesting UBS cough up its American client details.
http://www.swissinfo.ch/eng/business/index/Court_rules_UBS_data_transfer_to_US_illegal.html?cid=8038384
Regret closing that numbered account now don't you?
[Edit: Collapse? Exaggerating for sympathy or the death knell for UBS? http://www.ifcreview.com/viewnews.aspx?articleId=873. I remember drawing the ire of Emmanuel Bucaille (P&S head in Asia) when this this whole US tax situation starting brewing with their people in Miami being detained and no-fly rules being introduced. I joked that this was going to get ugly......and ugly it has become]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment