May 27, 2014 - Credit Suisse Offers Map to 13 Swiss Banks in U.S. Tax Probe
“We will look at the facts and circumstances of each investigation to determine an appropriate penalty,” Assistant U.S. Attorney General Kathryn Keneally said in an interview. “It should be very clear from the Credit Suisse investigation that cooperation, or the lack thereof, is an important factor.”
May 23, 2014 - It is getting harder to hide money from Uncle Sam offshore
The department stands to gather even more account information from the ongoing investigations into 13 other European banks, including HSBC and Julius Baer.
May 22, 2014 - Remaining ‘hit list’ banks sweat over US verdicts
But Lawrence feels that Credit Suisse could be the last such symbolic case. “I believe that the US has bagged its elephant,” he told swissinfo.ch.
May 20, 2014 - Swiss Expect Julius Baer, Basler, ZKB to Strike U.S. Deals Soon
“We assume that a solution for the other banks can be found within the next few months,” Widmer-Schlumpf told reporters in Bern today. The Credit Suisse deal “will give us some breathing space to work with other banks to find a solution,” she said.
May 16, 2014 - Credit Suisse Said Close to $2.5 Billion Deal in Tax Probe
The parent company would plead guilty in federal court in Alexandria, Virginia, one of the people said. A guilty plea by Credit Suisse’s parent company would be the first by a major global bank in the U.S. in more than two decades.
May 15, 2014 - Julius Baer says assets rise, net new money on target
Julius Baer said on Wednesday that assets rose 4 percent in the first four months of the year to 264 billion Swiss francs ($296.70 billion) as it attracted new funds from clients and took a majority stake in a Brazilian wealth manager.
May 14, 2014 - Swiss Bank Julius Baer Cuts Jobs
Julius Baer Group AG BAER.VX -1.99% said it has trimmed hundreds of jobs this year as the Swiss bank continues to integrate Bank of America Corp.'s BAC -0.27% Merrill Lynch wealth-management business outside of the U.S.
April 10, 2014 - Julius Baer Sees Resolution to US Tax Probe in Foreseeable Future
"We are working closely together with the U.S. authorities and are fundamentally ready to reach a settlement. We are confident that this tax issue of the past can be resolved in the foreseeable future," said CEO Boris Collardi,
April 4, 2014 - Julius Baer CEO Seeks Deals to Tap Latin American Millionaires
Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, is searching for deals in Latin America where millionaires are increasingly banking onshore.
March 26, 2014 - Julius Baer Adds $6.8 Billion of Assets From Rich Brazilians
Julius Baer expects to report another 6 billion Swiss francs ($6.8 billion) of managed assets after it increased its holding in GPS Investimentos Financeiros & Participacoes SA to 80 percent, from the 30 percent owned since May 2011, the Zurich-based bank said today in an e-mailed statement.
March 7, 2014 - Credit Suisse Hearing Likely to Drive New Taxpayer Confessions
An Internal Revenue Service voluntary compliance program is already drawing between 400 and 500 people a month, U.S. Deputy Attorney General James Cole said during testimony before the Senate Permanent Subcommittee on Investigations yesterday.
February 25, 2014 - Credit Suisse Said to Be Faulted by Senate Over Tax Dodgers
The report outlines how Credit Suisse, the second-biggest Swiss bank, helped clients hide cash transfers and offered accounts not declared to the Internal Revenue Service, according to the people, who asked not to be identified because the report is not yet public.
February 24, 2014 - Credit Suisse CEO to Testify at U.S. Tax Evasion Hearing
Deputy Attorney General James Cole and Assistant Attorney General Kathryn Keneally also will testify to a panel examining why the Justice Department hasn’t resolved those criminal probes sooner.
February 19, 2014 - Capitol Hill will scrutinize Swiss banks’ tax-evasion role next week
The focus this time is the status of efforts to hold Swiss banks and their U.S. clients accountable for what the panel describes as “unpaid taxes on billions of dollars in hidden assets.”
February 4, 2014 - Julius Baer says will hit lower end of Merrill deal asset target
Julius Baer said it will hit the lower end of its target for taking on assets by buying Merrill Lynch's overseas wealth arm, after missing views for full-year profits.