UBS Shareholders revolt over record $5B tax evasion penalty

Posted by Aktis Team on 2 May 2019

UBS shareholders refuse to back management from their liability to pay $5 billion penalty for helping French clients evade taxes. UBS has set only one-tenth of the penalty amount aside as $5 billion is one of the highest penalties any Swiss bank has had to pay.

Wall Street, Patrick Winters, May 2nd 2019

Topics: News Watch, Europe