Former UBS banker turns up pressure on Swiss banks

A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.


UK ax boutique acquires Kleinwort Benson's unit

Private bank Kleinwort Benson said the increasing complexity of the UK tax regime means a "specialised external partner" would provide its clients with the best quality service.