UBS : France’s Supreme Court Annuls Penalties UBS in Tax Case

In 2021, the financial world witnessed a significant legal battle unfold as France imposed hefty penalties of 1.8 billion euros on Swiss banking giant UBS (UBSG.S) in a high-profile tax fraud case. However, the narrative took an unexpected turn on Wednesday as France’s supreme court made a groundbreaking decision to annul these penalties, sending shockwaves…

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In a significant financial development, the European Bank for Reconstruction and Development (EBRD) has decided to divest its 15% stake in Erste Group Bank’s Hungarian unit. This move comes in the wake of the Hungarian government’s recent exit from the bank, marking a notable shift in the financial landscape. Let’s delve into the intricacies of…

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