UBS: spoils all around

It looks like everybody wins in the UBS tax case. Compromises will afford the Swiss, Uncle Sam and the world’s largest wealth manager the opportunity to claim victory as the saga at last reaches its denouement. Accusations that UBS encouraged American clients to avoid paying taxes had become a matter not only for the courts but for US-Swiss diplomacy. The two countries signed a deal last week, which should be unveiled shortly. But pertinent details are already trickling out. UBS is expected t...