Martin Lack became the fourth ex-UBS banker to plead guilty to aiding wealthy Americans evade taxes, admitting that for 17 years he helped U.S. clients maintain secret overseas accounts.
Credit Suisse said top executives were unaware that employees were helping U.S. citizens break tax laws.
Private banking and fixed income.
After more than 20 years in the financial-services rat race, banker Michael Reichstein packed it in and turned to horse racing for a living.
Brown Shipley has announced the appointment of Hugh Titcomb as its new Head of Private Banking.
A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty on Tuesday to fraud conspiracy charges linked to a U.S. tax evasion investigation that shook Swiss banking to the core.
Raoul Weil, once a powerful UBS executive, will return Tuesday to a U.S. courthouse where prosecutors said last month he ran a business that used Swiss bank secrecy to help Americans cheat on their taxes.
Now this is quite interesting. Not something you see every day.