UBS ordered to pay record $5.1-billion fine for helping French clients hide assets

Australia News News

UBS ordered to pay record $5.1-billion fine for helping French clients hide assets
Australia Latest News,Australia Headlines
  • 📰 latimes
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 82%

A Paris court has found UBS guilty of money laundering between 2004 and 2012 by assisting wealthy customers stash undeclared funds in Switzerland.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS to appeal after fined 4.5 billion euros in French tax fraud caseUBS to appeal after fined 4.5 billion euros in French tax fraud caseA French court found Swiss bank UBS AG guilty of illegally soliciting clients an...
Read more »

French court ruling due in UBS $6 billion tax caseFrench court ruling due in UBS $6 billion tax caseA French court will rule on Wednesday whether UBS, Switzerland's largest ba...
Read more »

UBS ordered by court to pay French state 800 million euros in damagesUBS ordered by court to pay French state 800 million euros in damagesA French court on Wednesday ordered UBS to pay the French state 800 million euro...
Read more »

UBS slams French verdict in tax evasion trialUBS slams French verdict in tax evasion trialUBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4...
Read more »

UBS downgrades Charles Schwab to sell, says buybacks can't cushion blow from rising costsUBS downgrades Charles Schwab to sell, says buybacks can't cushion blow from rising costsUBS lowered its rating of Charles Schwab stock to sell from neutral on Wednesday, saying the financial services company is facing barriers to growth and revenue
Read more »

Lower market volume due to the holiday could lead to volatility, says UBS' Art CashinLower market volume due to the holiday could lead to volatility, says UBS' Art Cashin'Little bit of a mild bumpy ride this morning,' Art Cashin discussed what he was watching in the markets this morning before stocks opened lower.
Read more »

Boxer who hit French police gets year-long jail sentenceBoxer who hit French police gets year-long jail sentenceA Paris court gave a year-long firm jail sentence on Wednesday to a former Frenc...
Read more »



Render Time: 2025-03-04 19:53:29