Banks

UBS says ordered to provide Swiss tax agency with French tax information

UBS has received an order from the Swiss Federal Tax Administration to provide information based on a French request for administrative assistance in tax matters, the Swiss bank said on Tuesday.

"The request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and 2008," UBS, Switzerland's biggest bank, said in a statement.

UBS said it planned to take legal steps to have the "admissibility of the administrative assistance request evaluated by the Swiss Federal Administrative Court" in order to ensure legal clarity.

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