DoJ slams legal arguments made by UBS (UBS) about Swiss banking secrecy, saying UBS knowingly...

|About: UBS Group AG (UBS)|By:, SA News Editor

DoJ slams legal arguments made by UBS (UBS) about Swiss banking secrecy, saying UBS knowingly helped U.S. citizens evade hundreds of millions of dollars in taxes. "It is time for UBS to face the rest of the consequences that it has brought upon itself." Swiss officials say a settlement is still possible.