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Swiss bank UBS fined €3.7bn in fraud case

BBC News Wednesday, 20 February 2019 ()
Swiss bank UBS fined €3.7bn in fraud caseThe Swiss bank is found guilty of helping French clients hide billions from French tax authorities.
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News video: UBS to appeal after fined 5.1 billion dollars in French tax fraud case

▶ UBS to appeal after fined 5.1 billion dollars in French tax fraud case 01:00

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. As Julian Satterthwaite reports, the bank says it will appeal the decision.

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