Gruebel: UBS cannot comply with U.S. request: "UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.
The source confirmed the comments reported earlier by the New York Times.
Turning over the names 'would require UBS to violate Swiss criminal law, and we simply cannot comply,' the paper quoted Gruebel as saying in the memo."
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