French tax payment 'doesn't make sense': UBS CEO

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French tax payment 'doesn't make sense': UBS CEO

French tax payment 'doesn't make sense': UBS CEO
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French tax payment 'doesn't make sense': UBS CEO

by CNBC Videos 1:55 mins

Sergio Ermotti, CEO of UBS, says the 1.1 billion euro guarantee payment demanded by French authorities in relation to allegations of money-laundering isn't justified.

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