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UBS to appeal after fined 5.1 billion dollars in French tax fraud case

Wednesday, February 20, 2019 - 01:01

A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. As Julian Satterthwaite reports, the bank says it will appeal the decision.

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A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. As Julian Satterthwaite reports, the bank says it will appeal the decision.

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UBS to appeal after fined 5.1 billion dollars in French tax fraud case

Wednesday, February 20, 2019 - 01:01