Business ::
Zurich, Switzerland (GenevaLunch) – Swiss bank UBS will close or transfer Wednesday 1 July, a month early, all US resident bank accounts that are not declared to US tax authorities, an unnamed official of the bank has told Swiss financial news agency AWP (20 Minutes and romandie.ch). The information could not be confirmed Tuesday evening, 30 June.
The report refers to account-holders who were earlier informed by the bank that it would close their accounts if they did not wish to transfer the money to a dollar-based account in the United States.
