January 19, 2015 - WikiLeaks Banker Convicted of Breaching Swiss Financial Secrecy
Rudolf Elmer, a former employee of Julius Baer Group Ltd. (BAER), was given a suspended fine of 16,800 Swiss francs ($19,397) under a system that allows Swiss courts to convert prison time into a financial penalty. The Zurich district court said that if Elmer commits a crime in the next three years, he may have to pay the fine.
November 17, 2014 - US gains info on bank details of 4,273 under FATCA
Tseng said those who evade taxes using foreign bank accounts will be taxed 30 percent on their future American income or have their accounts closed. Having a foreign account not registered with the U.S. will no longer be possible.
November 17, 2014 - Julius Baer says 10-month assets up on new funds, US dollar, M&A
Julius Baer said on Friday overall client assets rose 12 percent in the first ten months of the year over last year, helped by fresh client money, a strong US dollar, and the acquisition of Brazilian wealth manager GPS earlier this year.
October 13, 2014 - Former UBS high-flier set for US tax fraud trial
A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.
October 13, 2014 - Draft U.S. deal for Swiss banks in tax row seeks 'total cooperation': paper
The U.S. Department of Justice (DOJ) is seeking "total cooperation" from Swiss banks in a draft agreement aimed at allowing the banks to make amends for aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Saturday.
October 13, 2014 - 100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
Participating banks are required to provide details on American accounts.
September 26, 2014 - Julius Baer CEO Says Hasn’t Held Talks With Credit Suisse
“There have been no formal discussions or approaches” for Zurich-based Julius Baer, Collardi, 40, told Bloomberg News on the sidelines of a conference in Geneva today. “It’s hard to imagine an acquisition of Julius Baer this year, or for the foreseeable future.
September 2, 2014 - Investors react to rumors of a Credit Suisse takeover of Julius Baer
Wealth management firm Julius Baer's shares rose more than two percent Friday after rumors circulated that Credit Suisse might have an interest in acquiring it.
July 28, 2014 - Swiss banks face lower fines than feared in U.S. tax case: paper
About 80 of the 106 Swiss banks that signed up for a deal with U.S. tax authorities could be fined less than they had feared for their role in helping wealthy Americans cheat on their taxes, but must widen their cooperation, a Swiss newspaper reported.
July 11, 2014 - Wikileaks 'Whistleblower': Ex-Julius Baer Banker Rudolf Elmer Charged With Violating Secrecy Laws
"Elmer sees himself as a whistleblower," said prosecutor Peter Giger to Bloomberg on the telephone. "He has a message he wants to bring across. I am convinced he broke the law in trying to do that."
June 30, 2014 - Julius Baer Asia Push Needs High Energy From Dynamo Collardi
Julius Baer Asia Push Needs High Energy From Dynamo Collardi
June 20, 2014 - Julius Baer CEO Tells Swiss to Work More to Keep Clients
“If we want to maintain the lead, if we want to be the best private banking culture, history, tradition, the players who work are going to have to work really hard,” Boris Collardi, 39, said today at a meeting of the Swiss-American Chamber of Commerce in Zurich.
June 18, 2014 - IRS announces TOUGHER Voluntary Disclosure Program Effective July 1, 2014
If you have an undeclared account at Julius Baer, you should seriously consider filing a voluntary disclosure before July 1, 2014.
Call Teig for a consultation NOW at:
Office: 305-576-4242
Cell: 954-610-3029
June 4, 2014 - IRS Announcing New Voluntary Disclosure Program for Americans Residing Overseas
On June 3, 2014, IRS Commissioner Koskinen announced that the IRS "will soon put forward modifications to the [Voluntary Disclosure & Streamlined] programs currently in place" for U.S. citizens residing overseas.
June 2, 2014 - Credit Suisse (NYSE: CS) Shows Way to Other Swiss Banks Under US Tax Scanner
Zuercher Kantonalbank, Julius Baer Group Ltd. and the Swiss branch of HSBC Holdings Plc (NYSE: HSBC) are included among the banks, which seek to avoid a guilty plea for assisting US citizens so that they can swindle the Internal Revenue Service.