Reporter

A French appeals court ordered UBS Group on 13 December to pay around $2bn for helping wealthy clients in France evade taxes, reducing the size of an earlier penalty of around $5bn.

The case has hung over UBS for years. The Swiss banking giant is one of the world’s biggest wealth managers.

UBS fine for tax evasion slashed by nearly half to $2bn

Margot Patrick

Nick Kostov

‘I’m riddled with anxiety about it’: Working dads face tough choices about paternity leave

Accenture backs AI boom with new management structure

The government fired the CMA’s chair. Then it deleted the messages

Barclays poaches Citi managing director for wealth private credit push

https://images.fnlondon.com/im-30083951?size=1.21

Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

https://images.fnlondon.com/im-84247389?size=0.8

Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Ex-EY managing partner Andy Baldwin joins IBM Consulting

https://images.fnlondon.com/im-44745761?size=1.5

Baldwin left EY after losing out on the CEO role last year

Junior bankers at Robert W. Baird say such long hours weren’t unusual for industrials team.

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

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

https://www.wsj.com?type=allesseh_content_full_list

https://ace.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

UBS fine for tax evasion slashed to $2bn

Financial News