UBS settles French tax case: Bank to pay 835 million euros; 14-year legal saga ends with lower penalty

UBS has reached a settlement with French authorities, agreeing to pay 835 million euros to resolve a 14-year-old legal battle over assisting wealthy clients in tax evasion. The settlement includes a substantial fine and damages to the French state, bringing an end to the case involving illegal banking activities between 2004 and 2012.

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