Swiss bank gets hit with $5B penalty for tax evasion scheme

A former Swiss bank executive has pleaded guilty to his role in a $1.2 billion money-laundering scheme involving Venezuela's state-run oil and natural gas company......»»

On the very first day of a trial in France, Swiss bank, UBS Group AG (UBS), it.....»»

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties......»»

Swiss bank UBS will appeal against a French court's ruling that found it guilty of laundering the proceeds of tax evasion, said UBS' general counsel......»»

UBS slammed a French court verdict on Wednesday ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) after finding it guilty of aiding tax evasion......»»

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......»»

UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes......»»

UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes......»»

UBS Group expects its appeal of a French court verdict ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) for aiding tax evasion to last years, Chief Executive Sergio Ermotti told staff in a memo......»»

Swiss bank, UBS Group AG (UBS) and its French unit penalized with EUR 4.5 billion ($5.1 billion), including civil damages of EUR 800 million, by .....»»

UBS plans to stick to its proposed dividend for 2018, CEO Sergio Ermotti said on Friday, two days after the Swiss bank was hit with a 4.5 billion euro ($5.1 billion) penalty in a French tax ruling that the bank has appealed......»»

UBS was warned numerous times over a period of at least six years that its French private bank risked breaking local tax laws, according to the written judgment in a case where the Swiss bank faces a 4.5 billion euro ($5.10 billion) penalty......»»

Swiss Bitcoiners Renew Efforts To Orange-Pill The Country's Central Bank Auth.....»»

No economy has generated as much wealth for as many people as that of the United States. According to the 2023 Global Wealth Report from the Swiss investment bank UBS, most adults worldwide have less than $10,000 in total wealth. Meanwhile, the typical .....»»

No economy has generated as much wealth for as many people as that of the United States. According to the 2023 Global Wealth Report from the Swiss investment bank UBS, most adults worldwide have less than $10,000 in total wea.....»»

The attack on Iran on Friday isn't as important for US inflation as domestic demand, said an economist at a private Swiss bank. Inflation could see a resurgence in 2025, .....»»

No economy has generated as much wealth for as many people as that of the United States. According to the 2023 Global Wealth Report from the Swiss investment bank UBS, most adults worldwide.....»»

An app that generated fake bank account statements kept the scheme going......»»

The Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to discontinue o.....»»

Swiss bank Credit Suisse said on Thursday it would sell convertible notes to its current shareholders in a bid to raise nearly $2 billion of fresh capital......»»