Bloomberg UBS Group AG appealed a court verdict that it helped wealthy French clients stash undeclared funds in Swiss accounts, prolonging a period of legal uncertainty in seven-year old case. The Zurich-based bank filed an appeal with the French Supreme Court regarding the ruling, according to a statement. It had five days from the judgement last week to make ...

  Bloomberg Kenya’s shilling has depreciated 3.5% to dollar this year after a seven-month losing streak, adding to a 7.8% loss last year. The currency of East Africa’s largest economy reached its weakest closing level of 113.09 per dollar and was trading little changed in Nairobi. The biggest monthly decline was in August when it weakened 1.3%, while July-September was ...

  Bloomberg Mitsubishi UFJ Financial Group Inc is preparing to launch a fund that provides debt financing to Asian start-ups in an effort to win investment-banking business through subsequent initial public offerings. Japan’s largest lender will start a $300 million fund early next year after upsizing its first joint-venture fund earlier this year, Chief Executive Officer Hironori Kamezawa said in ...