February 20, 2019 - Julius Baer’s US tax evasion charges dismissed
In 2016, the Swiss bank agreed to pay $547m (£422m, €482m) and settle tax evasion allegations, after it was one of a group of banks investigated by the DoJ in 2011. It has now fulfilled its obligations under the DPA, and the US Attorney’s Office for the southern district of New York filed a motion to dismiss the charges.
January 8, 2018 - A Swiss Banker Helped Americans Dodge Taxes. Was It a Crime?
Stefan Buck created bank accounts for dozens of Americans hiding money
from tax collectors. The U.S. tried to hold him personally accountable.
July 26, 2017 - Julius Baer Sets Tone for Swiss Banks With Beat on New Money
Julius Baer Group Ltd. exceeded its target for net new money, setting the bar for Swiss rivals Credit Suisse Group AG and UBS Group AG, which also report this week. The stock rose the most in more than two years.
July 5, 2017 - Julius Baer banker pleads guilty in US to facilitating $25m in bribes, FBI promises more to come
Jorge Luis Arzuaga (pictured), an Argentine national and former managing director at Swiss bankers Julius Baer, pled guilty to money laundering conspiracy in the Brooklyn federal court on Thursday, admitting to arranging transfers of over $25 million in bribes and kickbacks from 2010 to 2015.
March 28, 2017 - Swiss court rejects whistleblower suit against Julius Baer
Switzerland's top court has dismissed a whistleblower's lawsuit against private bank Julius Baer and employees, in which the whistleblower claimed damages to his reputation and finances, the latest twist in a decade-long saga.
Feb 17, 2017 - Swiss banks face withdrawals due to tax clampdown
Wealthy clients in 2016 pulled out almost US$30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, taking advantage of government programmes letting them pay tax on undeclared money.
September 12, 2016 - Why Swiss Private Banks Still Face Taxing Times
Swiss banks as a group expect tax-related outflows in 2016 and 2017 to continue at a similar rate as they did in 2015, according to Citigroup. Julius Baer said it expects emerging market regularization outflows to drag on growth for two to three more years.
August 24, 2016 - Swiss court clears former Cayman banker of breaking bank secrecy laws
a Swiss court in Zurich rejected prosecution demands to convict the 60-year-old for violating Swiss banking secrecy laws. The upper court also refused to ban Mr. Elmer from taking up employment in the banking industry. He currently works as an asset manager.
August 16, 2016 - Julius Baer Said to Hire HSBC Bankers in Latin American Push
Julius Baer has acquired businesses and hired bankers to compete with larger wealth managers such as UBS Group AG and Credit Suisse Group AG. The firm has signed more than 200 client-relationship managers from Credit Suisse and other Swiss, Asian and British private banks this year, Chief Executive Officer Boris Collardi said last month.
May 9, 2016 - Panama Papers reveal middlemen between Canada and offshore secrets
Names and details from the Panama Papers — including the identities of at least 625 Canadians — are being made public at 2 p.m. ET today by the International Consortium of Investigative Journalists. Check back here for a searchable database.
May 9, 2016 - Ex-Julius Baer Banker Said to Help U.S. in FIFA Laundering Probe
Helping prosecutors is Jorge Arzuaga, a former private banker to a sports marketing executive who admitted to bribing soccer officials, five people familiar with the matter said. Although the U.S. has already received assistance from soccer officials and sports marketers caught up in the scandal, Arzuaga is the first banker to emerge as a cooperator in the investigation into a decades-long scheme of bribery and kickbacks to influence the awarding of media and marketing rights to tournaments in the Americas.
February 8, 2016 - Swiss bank Julius Baer says deal done with US on tax-dodging case
Swiss private bank Julius Baer said it had finalised an agreement with US authorities, paying $547m to end a criminal investigation into claims that it helped rich Americans dodge taxes.
February 8, 2016 - Julius Baer signs final deal with the US
The DoJ stated that Julius Bär had helped US citizens dodge taxes from “at least the 1990s through 2009”. In 2006 the bank issued a memo called “US Clients: Do’s and Don’ts”. Parts of this circular are quoted in the DoJ statement of facts released late on Thursday.
February 3, 2016 - Two ex-Julius Baer bankers plead not guilty in U.S. tax case
Daniela Casadei and Fabio Frazzetto, former client advisers with the Swiss bank, entered their pleas in Manhattan federal court after voluntarily agreeing to face the charges. Both are Swiss citizens normally beyond the reach of U.S. extradition.
February 3, 2016 - Swiss Bankers Said Ready to Plead Guilty in U.S. Tax Case
Casadei and Frazzetto, accused of helping more than 180 U.S. clients hide at least $600 million in assets from the Internal Revenue Service, face as long as five years in prison. They made their first appearance Tuesday in a Manhattan federal court, where they pleaded not guilty to a conspiracy charge, and were released on a $1 million bond secured by $250,000 in cash.