Friday, February 20, 2009

UBS to protect its account holders


UBS to protect its account holders
20-02-2009

Switzerland's biggest bank, UBS, has said it will not supply the American authorities with the details of over 50-thousand US citizens believed to have bank accounts in Switzerland. UBS earlier agreed to pay the US government 780-million dollars after admitting some of its staff helped these clients to set up secret accounts.

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