The Swiss bank UBS has been trying since March 8 to reshuffle the cards after being fined a record 3.7 billion euros at first instance in 2019. Pending the latest decision on September 27, the bank's defense pleaded acquittal at his appeal trial.

In this second trial of the global wealth management giant, the prosecutor's office demanded "at least" two billion euros in fines. The defense pleads the acquittal at his appeal trial for aggravated laundering of tax fraud and illegal bank canvassing, a case in which the court is expected to decide on September 27.

Me Denis Chemla asked the court to "put some reason" in this case, in the face of the "delusional theory according to which UBS France (would have been) a vacuum cleaner of the savings of the French for the benefit of UBS Switzerland". According to him, there is "nothing, nothing, nothing, that establishes an unlawful act of canvassing".