IRA victims’ families in UK push for deal with Libya

Update 7 September / More than 100 Irish IRA victims’ families in the UK have been told by Prime Minister Gordon Brown’s office in London that the government will not put formal pressure on Libya to compensate them, thus following the example of the US. Lawyers for three families in the US have obtained what […]

Highlights of Swiss-US agreement

Bern and Zurich, Switzerland (GenevaLunch) – Highlights of the agreement between the US and Switzerland in the UBS out of court settlement, provided by the Swiss government, include (Ed. note: US Department of Justice page on the settlement):

UBS shares back at Q4 2008 level on eve of deal details

Shares up; Swiss bankers hire US lobbyist Zurich, Switzerland (GenevaLunch) – It may be no more than rumour based on several unnamed sources being cited, but the financial world is now expecting the Swiss and US governments to sign on Wednesday an agreement involving Swiss bank UBS. The bank’s shares have continued to climb most […]

Speculation grows over number of names UBS will hand to IRS

Updated 17 August  Geneva and Zurich, Switzerland (GenevaLunch) – International media are playing merry-go-round, speculating over the number of names of clients Swiss bank UBS will be required to hand to the IRS tax authority in the US, in the absence of any serious information: two Swiss newspapers, NZZ‘s Sunday edition and Sonntag over the […]

Swiss gov’t says UBS agreement details given when 2 countries sign

Bern, Switzerland (GenevaLunch) – The Swiss government said Thursday morning 13 August that details of the agreement with the United States in the case concering the IRS and bank UBS can be made known once the two governments have signed the agreement.

US, Switzerland appear to have UBS agreement: mum’s the word on details

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Update 2  Bern, Switzerland / Miami, Florida, USA (GenevaLunch) – Switzerland and the United States appear to have found an out of court settlement for the pending case of the IRS and Swiss bank UBS, with the two governments asking Judge Alan Gold in Miami to close the court case. The pre-arranged phone conversation took […]

US and Swiss negotiators in UBS/IRS case given another week

Update 2  Florida, USA; Bern and Zurich, Switzerland (GenevaLunch) – The bell hasn’t yet quite tolled for anyone in the US court case where the IRS is asking for names of UBS bank clients. Judge Alan Gold in Miami late Friday 7 August, Swiss time, gave the two governments another week, until 12 August and […]

UBS case still being negotiated, settlement report delayed

Miami, Florida, USA (GenevaLunch) – The Swiss and US governments are still negotiating a settlement in the UBS bank court case and have asked for a delay until late morning, Florida time, the judge in charge of the case has announced, Bloomberg reports. Any announcement about the outcome will now be made after trading in […]

US and Swiss foreign ministers meet: video of press meeting

Washington, DC (GenevaLunch) – Swiss Foreign Minister Micheline Calmy-Rey and US Secretary of State Hillary Clinton met in Washington, DC Friday 31 July for their second working visit since March 2009 when the two met in Geneva, Switzerland. The two had little to say to the press following the meeting, followed with more than usual […]