The Traderszone Network

Published in TZ Latest News 20 July, 2014 by The TZ Newswire Staff

Julius Baer CEO sees ‘fair and equitable’ solution to U.S. probe

Julius Baer said it believes it will find a “fair and equitable” solution to a U.S. criminal probe into the Swiss bank’s role in helping wealthy Americans evade their taxes. The Zurich-based private bank said it had little substantial information to add on its own probe, two months after larger rival Credit Suisse in a similar investigation became the largest bank in decades to plead guilty to a U.S. criminal charge and agreed to pay more than $2.5 billion in penalties.

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