Watercooler

Lawsuits Test UBS Advice on Offshore Bank Accounts

March 30, 2012

Two federal civil suits against UBS will explore whether clients can legally rely on their private bankers' assertions that there is no need to disclose the accounts on their tax returns or sign required disclosures.

<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=watercooler;sz=220x200;pos=marketplace1;tile=10;ord=10450285?"> </SCRIPT>
<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=watercooler;sz=220x200;pos=marketplace2;tile=11;ord=10450285?"> </SCRIPT>
<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=watercooler;sz=220x200;pos=marketplace3;tile=12;ord=10450285?"> </SCRIPT>
<SCRIPT language="JavaScript1.1" SRC="http://ad.doubleclick.net/adj/onwallstreet.new/;abr=!ie;pg=watercooler;sz=220x200;pos=marketplace4;tile=13;ord=10450285?"> </SCRIPT>

On Wall Street