UBS Lifts Travel Restrictions.

The article reports on the lift of a travel ban by UBS for its private bankers after entering an agreement with the U.S. Internal Revenue Service (IRS) to end tax disputes. The ban was imposed in April 2009 after the Swiss financial regulator ordered it to reform its cross-border policies following the U.S. investigations over hidden offshore accounts such as in Switzerland. It prevented its bankers and executives from doing cross-border business and attract rich clients. It will sponsor the Art Basel fair in Miami Beach, Florida to attract clients.