Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • March 2011 (Revised December 2019)
  • Case
  • HBS Case Collection

Wealth Management Crisis at UBS (A)

By: Paul M. Healy
  • Format:Print
  • | Language:English
  • | Pages:18
ShareBar

Abstract

The case describes the challenges that UBS faced as a result of the U.S. Department of Justice (DOJ) investigation for tax fraud, that claimed that UBS had helped some 52,000 U.S. residents hide billions of dollars in untaxed assets in secret Swiss accounts between 2000 and 2007, depriving the U.S. Treasury of hundreds of millions of dollars in taxes. Why did this happen inside UBS? What were the incentives and the corporate governance failures that led to these events? How should the board of directors of UBS respond to the requests of the tax and regulatory authorities?

Keywords

Fraud; Regulatory Enforcement; Reputation Incentives; Crony Capitalism; Tax Havens; Legitimacy; Multinational; Strategic Change; Incentives; Transparency; Financial Services; Taxation; Crime and Corruption; Global Range; Asset Management; Ethics; Problems and Challenges; Governing Rules, Regulations, and Reforms; Corporate Governance; Financial Services Industry; United States; Switzerland

Citation

Healy, Paul M., George Serafeim, and David Lane. "Wealth Management Crisis at UBS (A)." Harvard Business School Case 111-082, March 2011. (Revised December 2019.)
  • Educators
  • Purchase

About The Author

Paul M. Healy

→More Publications

More from the Author

    • February 2024
    • Faculty Research

    Revenue Recognition at Stride Funding: Making Sense of Revenues for a Fintech Startup

    By: Jung Koo Kang and Paul M. Healy
    • December 2023
    • Faculty Research

    The Valuation Multiple Detective

    By: Jonas Heese, Paul M. Healy and Pietro Bonetti
    • December 2023 (Revised August 2024)
    • Faculty Research

    Monsters in the Machine? Tackling the Challenge of Responsible AI

    By: Paul M. Healy and Debora L. Spar
More from the Author
  • Revenue Recognition at Stride Funding: Making Sense of Revenues for a Fintech Startup By: Jung Koo Kang and Paul M. Healy
  • The Valuation Multiple Detective By: Jonas Heese, Paul M. Healy and Pietro Bonetti
  • Monsters in the Machine? Tackling the Challenge of Responsible AI By: Paul M. Healy and Debora L. Spar
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College.