The Local Switzerland

Swiss banker given ten years over Venezuela money laundering

Tue, 30 Oct 2018 10:01:30 +0100

A former executive at the Swiss bank Julius Bär was sentenced Monday to ten years in prison for his role in laundering more than $1 billion looted from Venezuela's state oil company.

Julius Bär bank to pay US $547 million over tax fraud

Fri, 05 Feb 2016 11:29:44 +0100

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.

Julius Bär faces US penalty over tax evasion

Mon, 21 Jul 2014 19:03:00 +0200

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.

Bank Julius Bär profit dips after acquisition

Mon, 03 Feb 2014 14:07:00 +0100

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.

German jailed for Julius Bär bank data theft

Thu, 22 Aug 2013 21:44:00 +0200

A former contractor with Swiss private bank Julius Bär was sentenced to three years prison for data theft after handing client information to German tax authorities, a Swiss court said on Thursday.

Julius Bär shareholders reject 'excessive' pay

Thu, 11 Apr 2013 11:42:00 +0200

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.

Julius Bär targets 1,000 job cuts after acquisition

Tue, 09 Oct 2012 12:35:00 +0200

Julius Bär, the Zurich-based private bank, is planning to slash its staff by as much 1,000 people in a bid to improve profitability.

Julius Bär hands 2,500 names to US: report

Fri, 29 Jun 2012 18:12:00 +0200

Swiss private bank Julius Bär handed over to US authorities information on 2,500 of its employees as part of Washington's efforts to clamp down on tax evasion, a newspaper reported on Friday.

Julius Bär in talks on Merrill Lynch assets

Tue, 19 Jun 2012 16:39:00 +0200

Swiss bank Julius Bär said on Tuesday that it is in negotiations with Bank of America (BofA) to take on Merrill Lynch's global private banking arm with assets of $90 billion.

UBS 'ordered' to give out data in US tax probe

Fri, 10 Feb 2012 09:57:00 +0100

Swiss banking giant UBS on Thursday denied it had directly handed files to US authorities detailing which of its rivals had taken on its American clients following a tax evasion probe.

UBS gives data on rivals in US tax probe

Thu, 09 Feb 2012 10:00:00 +0100

Swiss banking giant UBS has handed over to US tax authorities data indicating which of the bank's rivals took on its American clients following a probe, it was reported on Thursday.

Swiss stocks briefly plunge over 3%

Fri, 02 Sep 2011 12:44:00 +0200

Swiss stocks briefly plunged over three percent in nervous Friday morning trade, tracking losses in other key markets ahead of the release of key US jobs data.

Swiss bank settles German tax probe

Thu, 14 Apr 2011 11:38:00 +0200

Swiss private bank Julius Baer said Thursday it has agreed to pay €50 million to end tax evasion probes launched by German authorities against it and its employees.