UBS accused of tax fraud and losing investors billions

Subscribe to France 24 now:

FRANCE 24 live news stream: all the latest news 24/7

Swiss bank UBS is embroiled in legal action on both sides of the Atlantic. French public prosecutors have demanded the bank be fined €3.7 billion for helping its clients evade taxes. Meanwhile, in the US, the Department of Justice has filed a lawsuit accusing the bank of losing billions of dollars for investors on residential mortgage securities.

Visit our website:

Subscribe to our YouTube channel:

Like us on Facebook:

Follow us on Twitter:

Leave a Comment