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Ex-UBS CEO Denies $4.7 Million Liability Over Foreign Accounts

former CEO of #UBS North America
Markus Rohrbasser admitted on Monday that he failed to timely file Reports of Foreign Bank and Financial Accounts, also called FBARs, but denied that his nondisclosure was willful or demanded heightened penalties.

https://news.bloombergtax.com/daily-tax-report/ex-ubs-ceo-denies-4-7-million-liability-over-foreign-accounts
#UBS boss Sergio Ermotti must not disappoint – because the stock market slump has shown that bank stocks are weak
UBS is making rapid progress in CS integration. But the uncertain market environment could spoil the outlook for the big bank.

https://www.nzz.ch/finanzen/ubs-chef-sergio-ermotti-darf-nicht-enttaeuschen-denn-der-boerseneinbruch-hat-gezeigt-bankaktien-stehen-auf-schwachen-fuessen-ld.1843130