C Suisse To Hand Over Staff Details, UBS Said To Close Commercial Banking Business Unit

The Hit List

Credit Suisse is to disclose the names of more of its staff to the United States authorities, who want to know who may have helped wealthy US citizens to evade taxes by moving their assets abroad.

Swissinfo.ch reports that the name transfer, which will be made on Monday, was revealed by the Swiss Handelszeitung newspaper and confirmed by the bank to the Swiss News Agency.

In the meantime, Bloomberg reports that UBS will close its lending business in India to conserve capital, said a person briefed on the matter.

The company will wind down its assets in the country in the next two years, the person said, asking not to be identified as the bank won’t make an announcement. UBS will focus on its investment banking business in the country, the person said.

Credit Suisse to hand bank staff names to US

UBS Said to Close Commercial Banking Business in India

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