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UBS Ordered to Pay Record $5.1 Billion in French Tax Fraud Trial
David Marchant
Posted: Thursday, February 21, 2019
Joined: 9/13/2007
Posts: 1278

Bloomberg: UBS Group AG was ordered to pay more than 4.5 billion euros ($5.1 billion) by a Paris court that found the bank guilty of helping wealthy French clients stash undeclared funds in Swiss accounts. Shares of UBS fell as much as 4.8 percent.

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