National Public Radio

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

It’s been an eventful week for Swiss banking giant UBS. It posted a $1.3 billion loss on Tuesday — its third straight quarterly loss.

But that news was tempered by last week’s announcement that UBS has reached a settlement with the U.S. government in a lawsuit involving thousands of American UBS customers. The government said many of those U.S. citizens and residents with secret UBS accounts may be tax evaders.

Continue reading at NPR.org…

Tweet

This entry was posted on Wednesday, August 5th, 2009 at 10:34 am and is filed under Issues in the News, Media, News.