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UBS pays out in German tax case as lawsuits target private bank
ZURICH (Reuters) - UBS AG booked a near $300 million charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business. The Zurich-based lender`s offices in Germany were searched last year as part of a probe sparked by a CD with detai...
UBS says books 254 million Sfr against second quarter to settle one German tax probe
ZURICH (Reuters) - UBS booked a 254 million Swiss franc ($280.79 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business. The Zurich-based lender`s offices in Germany were searched last year as part of an investigatio...
Dollar pauses for breath after strongest week since March
LONDON (Reuters) - The U.S. dollar hovered near six-month highs against a basket of major currencies on Monday, with data and policy releases this week set to determine whether its strongest week since March last week prefaces a broader move higher. The euro had stabilised a touch in an Asian session weakened by a holiday in Singapore. But it w...
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