Tag Archives: Swiss bank UBS

Under the US Department of Justice’s 2013 ‘Swiss Bank Program’, 80 Swiss or Swiss-based banks paid $1.36 billion in fines for helping clients evade US taxes (Keystone) The Geneva asset management firm Prime Partners has agreed to pay $5 million (CHF4.8 million) to the United States to settle charges for tax evasion and assisting US taxpayers in opening and maintaining undeclared foreign bank accounts from 2001 to 2010....

Commercial aircraft already take off and land using their on-board computers (Keystone) Pilotless cargo and passenger planes could be in use within eight years and save airlines billions, according to a report by Swiss bank UBS. But customers remain wary of the new technology despite potential fare reductions. “In the not-too-distant future, we would expect to see a situation where flights are pilotless or the number of...