Topic: Switzerland
Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax treaty with the U.S., and that other Swiss banks may be next to face pressure from American regulators. In a letter to parliamentarians, the banking company ...
An Egyptian-born magnate behind a recent sale of huge West African and Iraqi oil interests to China pledged 20 million Swiss francs to expand Geneva's art and history museum, authorities said Friday. Addax chief Jean Claude Gandur's donation (18.6 million dollars, 13.6 million euros) would double other private and public funding to revive a planned modern ...
ZURICH (Reuters) - Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy. The Swiss government wants parliament to overule a Swiss court decision that prevents it from honoring the agreement to ...
