"UBS has made clear that the bank disagrees with the allegations, assumptions and legal interpretations being made." Magistrates were expected this week to order a trial in the case, Reuters reported on Sunday, after negotiations failed to produce a settlement in the long-running probe into allegations UBS helped clients avoid taxes.
LONDON World stocks opened the week on a cautious footing on Monday after the G20's decision to drop a pledge to avoid trade protectionism, while the U.S.
President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.
Reuters is the news and media division of Thomson Reuters.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.