Weekly Roundup: UBS Could Pay France $6 Billion for Violations, Banamex CEO Steps Down, and More

Swiss bank UBS AG could face a $6.16 billion fine in France if found guilty of facilitating tax evasion and money laundering, according to prosecution documents obtained by the Associated Press. More The U.K.'s HM Revenue and Customs is asking for industry comments on how it charges fees to financial institutions under the nation's money laundering rules. The comments should be submitted by Nov. 21. More PricewaterhouseCoopers said in a report that banks face direct reputational threats tied to the rise of trade-based money laundering. More Banamex chief Javier Arrigunaga stepped down this week in response to the Citigroup-owned unit's...