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UBS Faces $3 6 Billion Bill Even as French Must Ask Fine Cut
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UBS Faces $3 6 Billion Bill Even as French Seek Tax-Fine Cut
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‘I’m Innocent,’ UBS Bankers Say as $5 Billion Appeal Starts
Bloomberg 3/8/2021 Gaspard Sebag © Bloomberg Illuminated UBS Group AG logos outside the company s headquarters in Zurich, Switzerland, on Tuesday, Jan. 26, 2021. UBS plans to buy back as much as 4 billion francs ($4.5 billion) of shares over the next three years, bolstering shareholder returns after income from managing client assets and investment banking propelled gains at the world’s largest wealth manager.
(Bloomberg) UBS Group AG’s appeal of a 4.5 billion-euro ($5.3 billion) penalty began with the Swiss lender and bankers in the case proclaiming their innocence.
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On the opening day of the three-week appellate trial Monday, the former UBS bankers all responded the same way when asked why they were contesting the guilty verdict in the case.