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C Suisse boss surprised at office raids

Tax

Iqbal Khan, Credit Suisse’s head of international wealth management, said he’s surprised by the timing of a tax evasion investigation that led to raids of three of his bank’s offices, days before the bank implements an automatic exchange of information with European authorities.

UBS said to be 'very pessimistic'

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UBS is “very pessimistic” about reaching an agreement with French authorities to settle a case of alleged tax fraud that forced the bank to post a $1.2bn bond to cover any potential penalties three years ago, Journal du Dimanche reported.

UBS in taxing rejection

Tax

UBS has failed to persuade the European Court of Human Rights to overturn an order that it must post 1.1 billion euros ($1.17 billion) bail in a French case about whether it helped clients avoid tax.

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C Suisse boss surprised at office raids

Iqbal Khan, Credit Suisse’s head of international wealth management, said he’s surprised by the timing of a tax evasion investigation that led to raids of three of his bank’s offices, days before the bank implements an automatic exchange of information with European authorities.