Julius Baer admits to U.S. tax fraud, to pay $547 million
Switzerland’s third-largest wealth manager, Julius Baer Group Ltd., agreed to pay $547 million to avoid U.S. prosecution and admitted it helped American clients hide billions of dollars in assets from More...
Julius Baer Seeks Deal With U.S. Next Week, Sonntagszeitung Says
Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, may have to pay more than it anticipated to settle a case with the U.S. Justice Department over American offshore accounts, the Swiss More...
Julius Baer May Cut Staff as Swiss Franc Surges
Julius Baer may not exactly be unscathed by the crisis in the Swiss Franc, according to the Financial Times. In the days following the Swiss National Bank’s move to remove the cap from the Swiss More...
Julius Baer, Unscathed by Swiss Uncapping of the Franc, Warning of Pain Ahead for Banks
The Swiss National Bank made the shocking move of eliminating its currency cap on the Swiss franc, and many banks lost money. Citigroup, Deutsche Bank and Barclay’s suffered joint losses of $400 million More...
Unlike Other Banks, Julius Baer Not Hurting After Switzerland Cancels Franc Cap
While other banks are bleeding millions, Julius Baer Group said it sustained no losses in the days following the Swiss Central Bank’s sudden decision to cancel its franc cap, according to Bloomberg. More...