UBS Group Nears Settlement of Credit Suisse US Tax Evasion Case
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UBS Group is close to settling a US tax evasion case involving Credit Suisse by paying hundreds of millions in fines.
January 10, 2025 | 6:00 pm
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UBS Group is nearing a settlement with the US government over Credit Suisse's tax evasion case, involving a payment of hundreds of millions in fines.
The settlement involves a significant financial penalty, which could negatively impact UBS's short-term financials and investor sentiment. The legal and regulatory nature of the case adds to its importance.
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