UBS to fight US bid for clients’ names in trial


ZURICH: UBS said it will fight in court a US bid to force it to disclose the names of bank clients suspected of tax evasion, which if successful could severely undermine Switzerland’s private banking industry.

A US judge on Monday gave UBS until April 30 to file its response to a case launched by the US Internal Revenue Service (IRS) and scheduled the trial for July 13.

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