UBS

The Internal Revenue Service is collecting information on approximately 20 Swiss banks, according a letter from UBS, one of the main banks it has been investigating.

The changes mark the latest move by Robert McCann, the head of UBS Wealth Management Americas.

New York State will cease investigation into the December 2007 sale of auction-rate securities by UBS' former head of municipal securities.

Swiss authorities said they would continue talks with the U.S. to resolve an impasse over the disclosure of secret bank accounts at UBS [UBS] after a Swiss court blocked a deal reached by the two governments last year.