The Local Switzerland https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Julius Bär bank to pay US $547 million over tax fraud Swiss private bank Julius Bär said on Friday that it had finalized an agreement with US authorities, paying $547 million to end a criminal investigation into claims that it helped rich Americans dodge taxes. https://www.thelocal.ch/20160205/julius-br-bank-to-pay-us-547-million-over-tax-fraud Fri, 05 Feb 2016 11:29:44 +0100 julius-br-bank-to-pay-us-547-million-over-tax-fraud Julius Bär faces US penalty over tax evasion Julius Bär said on Monday it expects to strike a deal with American authorities over a probe into the Swiss bank's role in helping Americans evade taxes by the end of the year. https://www.thelocal.ch/20140721/julius-br-faces-us-penalty-over-tax-evasion Mon, 21 Jul 2014 19:03:00 +0200 julius-br-faces-us-penalty-over-tax-evasion Bank Julius Bär profit dips after acquisition Swiss private bank Julius Bär on Monday said net profit fell by 30 percent in 2013 owing to costs related to its takeover of Merrill Lynch's global wealth management business. https://www.thelocal.ch/20140203/julius-br Mon, 03 Feb 2014 14:07:00 +0100 julius-br Julius Bär shareholders reject 'excessive' pay Shareholders in Swiss private bank Julius Bär have flatly rejected the bank's plan for executive compensation in a non-binding vote, amid outrage over excessive pay packages. https://www.thelocal.ch/20130411/julius-baer-shareholders-revolt-against-excessive-pay Thu, 11 Apr 2013 11:42:00 +0200 julius-baer-shareholders-revolt-against-excessive-pay UBS reveals lofty bonuses despite losses UBS is coming under fire after significant payouts and bonuses for top brass were divulged for 2012 despite the bank’s 2.5-billion-franc loss. https://www.thelocal.ch/20130315/ubs-reveals-lofty-bonuses-despite-losses Fri, 15 Mar 2013 09:44:00 +0100 ubs-reveals-lofty-bonuses-despite-losses UBS fined in UK for investment fund debacle Britain's financial watchdog on Tuesday handed UBS a £9.45-million ($14.7-million) fine for exposing investors to unacceptable risk when it sold an AIG investment fund. https://www.thelocal.ch/20130212/ubs-fined-in-uk-for-fund-debacle Tue, 12 Feb 2013 19:59:00 +0100 ubs-fined-in-uk-for-fund-debacle Money-losing UBS under fire for lavish bonuses Switzerland’s largest bank is facing criticism for handing out 2.5 billion francs in bonuses to its top managers after posting a net loss for around the same amount in 2012. https://www.thelocal.ch/20130206/ubs-slammed-for-bonuses-paid-despite-loss Wed, 06 Feb 2013 12:10:00 +0100 ubs-slammed-for-bonuses-paid-despite-loss