Keep an eye on this "Swiss warn UBS bank could collapse"Submitted by dexterszyd on Mon, 02/01/2010 - 00:46
Now this is blow back!
Switzerland's justice minister warned in an interview on Sunday that top bank UBS could collapse if sensitive talks with the United States over a high-profile tax fraud investigation fall through.
"The actions of UBS in the United States are very problematic. Not just because they are punishable but also because they threaten all of the bank's activities," Eveline Widmer-Schlumpf told Le Matin Dimanche newspaper.