French appeals court slashes UBS tax penalty to €1.8bn

Sarah JollyDecember 14, 2021
ZURICH, SWITZERLAND, 27 March 2014: UBS, Switzerland's largest bank.
Credit: Shutterstock/l i g h t p o e t

Swiss bank UBS is reviewing its options for a further appeal following a French court’s decision that upheld charges of tax fraud and laundering, but slashed its overall penalty from €4.5bn to €1.8bn.

The Paris Court of Ap...

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Sarah JollyDecember 14, 2021
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