Shares in UBS were indicated to open down 2.2 percent on Friday after U.S. tax authorities said they were seeking 52,000 bank client names even though the Swiss bank has agreed to a hefty fine to settle criminal charges.
The stock was seen down at 12.52 Swiss francs, premarket data provided by bank Clariden Leu showed, reversing some of Thursday's strong gains.
Analysts had welcomed a settlemen...
The U.S. government sued UBS AG on Thursday, seeking disclosure to the Internal Revenue Service of thousands of the Swiss bank's U.S. customers with secret accounts, the Justice Department said.
Facebook's efforts to build a business model around its online social network have hit another roadblock, as a backlash by its users forced the company to reverse a new policy.
Switzerland on Thursday embarked on a struggle to defend a landmark decision allowing bank giant UBS to transfer client data to the United States in a tax settlement that experts say will dilute bank secrecy laws.
UBS, the world's biggest bank to the rich, agreed late on Wednesday to pay a hefty $780 million fine and disclose the identity of some clients after U.S. investigators accused it of he...
Switzerland on Thursday embarked on a struggle to defend a landmark decision allowing bank giant UBS to transfer client data to the United States in a tax settlement that experts say will dilute bank secrecy laws.
UBS , the world's biggest bank to the rich, agreed late on Wednesday to pay a hefty $780 million fine and disclose the identity of some clients after U.S. i...
UBS's landmark settlement deal with U.S. tax authorities could be the final nail in the coffin for Switzerland's prized bank secrecy and will have far-reaching consequences for the whole offshore financial industry.
as well as identify some American clients who held undeclared bank accounts to avert criminal charges.
The settlement, which Swiss authorities say they agreed to broker to avoid putting the bank's existence at risk, could also have wide implications for the $7 trillion-offshore banking industry by making it harder to try to circumvent tax laws.
The settlement in the U.S. tax case is what we ...
Shares in Swiss banking giant UBS AG rose 3 percent on Thursday after it agreed to pay $780 million and identify certain American clients to settle criminal fraud charges in the United States.
The settlement, announced on Wednesday, further cracks Switzerland's trademark bank account secrecy and could have wide implications for the $7 trillion-offshore banking industry by making it harder to try...
Swiss banking giant UBS AG has agreed to pay $780 million and identify certain U.S. clients in a deal to resolve criminal fraud charges that it assisted rich Americans to evade taxes.
The settlement announced on Wednesday further cracks Switzerland's trademark bank account secrecy and could expose some UBS customers to Internal Revenue Service scrutiny and law enfor...
Facebook's efforts to build a business model around its online social network have hit another roadblock, as a backlash by its users forced the company to reverse a new policy.
The European Union's data privacy regulators contradicted Google Inc. views on IP addresses and said they should be regarded as personal information, according to reports Monday.
Google cleared a major regulatory hurdle on Thursday after the Federal Trade Commission, the US antitrust regulator, approved the Internet search giant’s bid to buy online advertising company, DoubleClick Inc.
Microsoft Corp said on Monday it would disable the two primary methods used by software pirates to illegally copy Windows Vista software in the next major update of the operating system.
Nine privacy and consumer organizations asked the Federal Trade Commission on Wednesday to create a do not track list for Internet users who don't want their online activities tracked, stored and used by advertising networks.
Google Inc, the world's Web search leader, told U.S. Senate lawmakers on Thursday the company is pursuing new technologies to protect the privacy of Internet users as it seeks to acquire advertising company DoubleClick Inc.
Google Inc is considering a Canadian launch of its Street View map feature, which offers street-level close-ups of city centers, but would blur people's faces and vehicle license plates to respect tougher Canadian privacy laws, the Web search firm said on Monday.
National regulators need to agree on a basic set of global privacy protections for the Internet within the next five years, a senior official with web searcher Google said on Monday.
People are the cause of most breaches in banking security, a report shows. Employees and customers are the key sources of security breaches, according to a survey of financial services companies by business advisory firm Deloitte.
Microsoft Corp. said on Sunday the software maker was taking new steps to protect consumer privacy in the areas of Web search and online advertising and called on the Internet industry to support it.
The European Union's data watchdog will expand its investigation of Web search engines beyond sector leader Google and write to that company, a European Commission source said on Thursday.
The European Union's top security official lauded Google Inc's. decision to scale back how long it keeps personally identifiable data accumulated from its Web users as a step towards addressing privacy concerns.
Hewlett Packard announced on Wednesday that its researches have successfully created radio frequency identification (RFID) technology specifically to manage assets of data centers and IT departments.
