UBS tax evasion controversy

Credit Suisse extended its global charm offensive on April 3 insisting it has "zero tolerance" for tax evasion after hundreds of its clients and top employees became the target of an international fraud probe.     

The Swiss financial giant took out double-page ads in leading European papers claiming it had no desire to work with tax cheats.     

A raid by financial prosecutors on UBS in Athens on Friday revealed about 200 depositors who were included in the list sent by tax authorities of North Rhine-Westphalia which aimed to help find a large-scale tax evasion.

BELGRADE - The management board of the Association of Serbian Banks (UBS) discussed on Friday the situation in the Serbian banking sector, with particular focus on the effects of the rise of the Swiss franc.