banking

Germany sues Swiss bank over missing marks

Berlin is suing one of Switzerland's largest banks in its bid to recuperate hundreds of million euros that went missing during the reunification of East and West Germany, the bank said Thursday.

Taxes

UBS pays Germany €300m in tax fight

Top Swiss bank UBS settled a long-running legal dispute with Germany on Tuesday by agreeing to pay a fine of €300 million. Germany suspects UBS of having helped account holders hide millions from the taxman.

Taxes

Painter Baselitz raided in tax avoidance move

One of Germany's highest-earning living artists, Georg Baselitz, saw his lakeside house searched by tax officials at the weekend after his name appeared in stolen files of people who allegedly used UBS Swiss bank accounts to avoid tax.

Taxes

UBS tax dodger data copied from PC screen

A tax-dodging spat involving the Swiss bank UBS and Germany took a fresh twist after a Swiss daily reported on Tuesday that German authorities were using simple photos taken of a computer screen.

banks

Former Bundesbank boss Weber to lead UBS

Swiss banking giant UBS said Friday it is planning for former German central bank chief Axel Weber to take over as its next chairman, saying that he will be nominated to the board in 2012 before taking over the top post in 2013.

Economy

Market watchdog Bafin probing UBS unit

Financial markets watchdog Bafin is investigating a subsidiary of Swiss bank UBS that German officials suspect may have helped clients avoid paying taxes, Bafin and the bank said Thursday.