Swiss govt. steps in to prevent UBS from revealing US clients' data...

The Swiss government has forbidden wealth management giant UBS to hand over client information to the United States tax authorities.

In a letter addressed to the Miami court where UBS faces a hearing next week, the government said UBS was prevented from disclosing the data under Swiss banking secrecy laws.

UBS is refusing to provide information sought by the US Internal Revenue Service (IRS) on 52,000 American holders of Swiss bank accounts. More...

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