Caught in the crossfire

UBS looks stuck in the middle of a nasty government stand-off. The Swiss group says it is eager to settle eight-month-old charges of helping wealthy US customers to avoid paying taxes. It’s easy to see why UBS wants the case behind it. Prosecutors have been unrelenting, and a steady drip of public pressure is keeping a halo of bad news around UBS. On Monday, there was a report that the investigation has expanded and that UBS is trying to avoid a possible felony indictment. That followed a US cou...