Swiss banks: UBS fraud loss up, CS pays Germany

19th September 2011, Comments 0 comments ZURICH, SWITZERLAND - Credit Suisse said Monday it is paying euros 150 million to settle a tax fraud dispute with the Duesseldorf, Germany tax office, heading off a court case. Switzerland’s other large bank, UBS, is reported to have lost 2.3 billion, higher than initially thought, in the fraudulent trading case that erupted last week [...]

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