UBS Calls French Allegations `Unfounded' as Tax Probe Ends

Updated on
  • Investigating judges ended inquiry into UBS on Feb. 19
  • UBS had to post a French bail of 1.1 billion euros in 2014

UBS Group AG said a five-year French probe into allegations it helped clients evade taxes has been completed, bringing the bank a step closer to facing a possible trial and fine. 

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