French Prosecutors Said to Recommend UBS Face Trial in Tax Case

  • Investigative judges will have final say on any trial
  • Prosecutors say UBS French unit should face trial, source says

French prosecutors are recommending that UBS Group AG and its French unit face a criminal trial over allegations it helped clients evade taxes following a probe that caused the bank to post a 1.1 billion-euro ($1.2 billion) bail to cover a potential penalty, according to a person familiar with the matter.

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