The French trial court on 20 February 2019 ordered Switzerland's largest bank, UBS, to pay fines and damages amounting to nearly EUR 4.5 billion for the bank's role in aiding French individual clients in evading tax, including charges of illicit solicitation and laundering of the proceeds of tax fraud. This includes EUR 3.7 billion in criminal fines for the UBS head office in Switzerland, EUR 15 million in fines for UBS France, and an additional 800 million in civil damages. Former UBS execut…