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UBS nearing settlement over Credit Suisse tax evasion case

UBS is nearing a settlement with U.S. authorities over a tax evasion case linked to its acquisition of Credit Suisse, which has faced scrutiny for aiding tax evasion since 2014. The Swiss bank is expected to pay hundreds of millions to resolve these legacy issues, as analysts predict potential stock upside following recent upgrades. UBS has set aside $4 billion for legal provisions and aims to conclude outstanding investigations, including allegations of undisclosed Nazi-linked accounts.
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United States Dollar Credit Suisse High Yield Bond Fund, Inc. Kepler Cheuvreux Deutsche Bank RV Global PP CHE USA Neil Wilson Jeremy Sigee Benjamin Goy Nicolas Payen Show more
Finance & Economy, News Article
17:49 09.01.2025
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