December 30, 2015 - Julius Bär bank to pay huge fine in US tax probe
The bank did not specify the sum it would have to pay in fines but said its new provision for the settlement was $547.25 million – significantly higher than the $350 million set aside in June.
December 21, 2015 - Julius Baer May Face Higher U.S. Fine, SonntagsZeitung Says
U.S. prosecutors could ask Julius Baer to settle for double the $350 million earmarked by the bank, the newspaper reported on Sunday, citing people familiar with the matter. Julius Baer spokesman Jan Vonder Muehll declined to comment on the article.
December 16, 2015 - Julius Baer Agrees to Buy Commerzbank's Luxembourg Unit
Swiss banks including Credit Suisse Group AG are stepping up their operations in Luxembourg to help them comply with new European Union financial rules as tighter regulations in Switzerland erode banking secrecy rules. Pictet and Lombard Odier, Geneva’s two largest private banks, are among at least a dozen Swiss firms operating in the country, according to financial regulator CSSF.
November 19, 2015 - Crackdown on Caribbean tax havens a surprise boon for Hong Kong
Helped by a forecast five-year 72 per cent explosion in Greater China demand for such services, by the end of the decade Hong Kong will be the world’s largest offshore market, OIL analysts predict, overtaking the British Virgin Islands, Cayman Islands, and Singapore.
July 21, 2015 - Julius Baer Profit Drops on U.S. Tax Dispute Provision
Net income fell to 39 million Swiss francs ($40.5 million) from 178.3 million francs a year earlier, due largely to a $350 million provision for a U.S. tax dispute, the Zurich-based bank said in a statement on Monday.
July 21, 2015 - Cash-flush Julius Baer on the acquisitions trail
Switzerland’s third-largest wealth manager said last month it set aside $350m to fund a financial agreement over the bank’s role in helping americans hide money offshore. that would leave it with almost $1bn of excess capital that could be tapped for deals.
July 1, 2015 - It Just Got More Risky to Violate Swiss Bank Secrecy
Starting on Wednesday, those convicted of profiting from violating the secrecy laws—say, by selling a disk full of information about foreign Swiss bank clients to keen foreign tax authorities—face up to five years in prison.
June 25, 2015 - Julius Baer to pay $350m for US tax evasion
Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.
June 18, 2015 - Julius Baer Starts Probe Amid FIFA Corruption Allegations
“We have launched an internal investigation and we are fully cooperating with the authorities,” Jan Vonder Muehll, a spokesman for the bank, said by telephone from Zurich on Wednesday.
May 20, 2015 - Julius Baer assets drop 1 percent in first four months of year
The bank said this, along with Italian and French withdrawals tied to tax evasion clampdowns, meant net new money on an annualised basis was at the low end of its medium-term target of between 4 percent and 6 percent.
May 15, 2015 - More FATCA Letters, As Swiss And Other Foreign Banks Crack Down
But for the U.S. government, that’s the beauty of FATCA. The entire world is helping the IRS.
May 3, 2015 - Banks probe thousands of dormant Swiss accounts
Swiss banks are checking on thousands of bank accounts opened before 1955 and untouched for the past 50 years, a German newspaper has reported. The story has been confirmed to Reuters by the Swiss Bankers Association.
April 13, 2015 - udge Orders IRS To Release Key Target List Administration Blocked
The lawsuit by conservative groups could end up certified as a class action for violating their constitutional right to equal treatment. The judge determined that the litigants were entitled to know so the judge ordered the IRS to release the list of targeted Tea Party groups. If the judge also certifies the case as a class action, the disclosures could be broader still.
April 13, 2015 - Julius Baer CEO says has not held deal talks with C.Suisse -paper
"There have been no such talks," Boris Collardi, head of Zurich-based Julius Baer, was quoted as saying when asked whether the two banks had discussed a tie-up.
February 2, 2015 - Julius Baer CEO confident of resolving U.S. tax case in 2015
"We still don't have any news for you on this topic but I am confident that this is now, once and for all, a 2015 topic," Julius Baer Chief Executive Boris Collardi said, when asked by journalists about the U.S investigation during a conference call after the bank published its full-year results.