UBS Under Continued Pressure Resulting from U.S. Taxpayer with Undeclared Accounts

On January 15, 2009, new U.S.C. §rman said that negotiating a settlement with U.S. prosecutors was a top priority as well as recovering UBS’s reputation. 2009 has begun with UBS facing a class action civil suit brought by the New Orleans Employees’ Retirement System, continued enforcement pressure from the U.S. government, continued pressure from the U.S. Congress, and pressure from their depositors and the Swiss government...[more]