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Prosecutors said to recommend UBS face tax trial


French prosecutors are recommending that UBS and its French unit face a criminal trial over allegations it helped clients evade taxes following a probe that caused the bank to post a $1.2bn bail to cover a potential penalty, according to a person familiar with the matter.

Top fortunes fall by $196.2bn since Brexit vote

Graph And Coins

Global markets erased another $69.2bn from the combined net worth of the world’s 400 richest people Monday, bringing the total since the U.K. shocked investors with a vote to leave the European Union to $196.2bn in the last two trading days.