Some UBS clients reportedly to face U.S. charges
UBS AG agreed to give the U.S. Internal Revenue Service an "unprecedented amount" of information on thousands of U.S. holders of accounts at the Swiss banking group as part of a settlement with the Swiss government, the IRS announced Wednesday.
The agreement comes as U.S. tax authorities conduct a criminal investigation into Americans who used Swiss bank accounts of UBS /quotes/comstock/13*!ubs/quotes/nls/ubs (UBS 15.57, -0.33, -2.08%) ...
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