All Blog Posts from Econwatch

Read all 'ubs' posts in Econwatch

June 29, 2009 9:32 AM

Swiss Banks To Yanks: Get Lost

(AP Photo/Walter Bieri, Keystone)
The Internal Revenue Services intensified hunt for tax evaders overseas has caused Switzerland's two biggest banks to say goodbye to its American customers.

UBS AG and Credit Suisse Group AG have given Americans a choice: move your money to special accounts they have created in the U.S. or lose the account, Bloomberg reports.

Read full post…

Tags:
irs ,
tax ,
evasion ,
swiss ,
ubs ,
credit suisse
Topics:
Banking

Exclusive Webshow

Author Thomas Friedman on Obama's Afghanistan plan and the war on terror. Watch Now

About Econwatch

News and analysis on the state of the economy from CBS News.

E-Mail EconWatch

Add to your favorite news reader
google
yahoo
msn