Monday, April 6, 2009

UBS slaps travel ban on some managers


UBS slaps travel ban on some managers
06-04-2009

Switzerland's biggest bank, UBS, has banned its company managers who deal with foreign clients from travelling abroad.

The Swiss bank is being investigated by the authorities in the United States over alleged fraud and tax evasion involving American citizens.

UBS has denied that the travel ban was put in place specifically to protect its senior staff from the American authorities.