Bloomberg News

Swatch Filed Complaint Against UBS, Tages-Anzeiger Reports

May 12, 2012

Swatch Group AG (UHR) filed a complaint with Zurich prosecutors against UBS AG (UBSN), alleging a breach of banking secrecy, Tages-Anzeiger reported, citing Beatrice Howald, a spokeswoman for the watchmaker.

The complaint was filed in January, according to Howald, who declined to provide details of the allegations, the newspaper said. UBS doesn’t comment on litigation matters, the bank told the newspaper.

To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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