UBS refuses to reveal info about 52,000 US secret accounts...

Swiss bank UBS has refused a US government demand to provide information on 52,000 US clients. 

The request was made in a lawsuit filed earlier in the day in Miami as part of a tax fraud investigation. 

The Obama administration wants UBS to turn over information on American customers who hid accounts from US authorities, in violation of tax laws. More...

See also:

1. UBS move shakes foundations of Swiss bank secrecy...
2. UBS yet another Madoff victim?
3. Swiss furious at the UBS. Can you blame them?
4. Sub-prime woes force UBS changes...