GenevaLunch » Julius Baer

Bank Julius Baer settles accounts with Germany

Ellen Wallace — Thu, 14 Apr 2011 16:49:40 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) – Bank Julius Baer has agreed to pay the German government CHF50 million in a one-time payment, to close an investigation the bank describes as potentially lengthy and cumbersome for both sides. The payment “will end the investigations against Julius Baer and unknown employees regarding undeclared assets of persons who are subject [...]

Bank Julius Baer settles accounts with Germany © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

WikiLeaks bank data donor gets hit with CHF7,200 fine

Ellen Wallace — Wed, 19 Jan 2011 18:36:57 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) – Former Bank Julius Baer employee Rudolf Elmer has given a CHF7,200 suspended fine but no prison sentence for stealing data from the bank and handing it to tax authorities, the media and whistleblowing web site WikiLeaks. He will pay CHF5,000 in court costs; the loser in Swiss court cases generally bears [...]

WikiLeaks bank data donor gets hit with CHF7,200 fine © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Death of Swiss banking not imminent, poll shows

Ellen Wallace — Tue, 09 Feb 2010 11:47:00 +0000

GenevaLunch.com Geneva, Switzerland (GenevaLunch) – Swiss banks take four out of the 10 top slots in Euromoney‘s annual ranking of international private wealth managers, published 8 February. The number one place this year goes to Credit Suisse, which bumped UBS out of the place it has held since the rankings were created in 1994. UBS is [...]

Death of Swiss banking not imminent, poll shows © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

US citizens in Switzerland reconsider saving money under the mattress

Ellen Wallace — Fri, 13 Nov 2009 15:17:16 +0000

GenevaLunch.com Updated 01:00 Geneva, Switzerland (GenevaLunch) - Swiss banks have become more cautious in their relations with US citizens in the wake of problems the country’s largest bank, UBS, ran into in 2008 with the IRS over unreported income on the part of some of its clients. GenevaLunch, in a survey of several Lake Geneva area [...]

US citizens in Switzerland reconsider saving money under the mattress © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Julius Baer buys Geneva ING wealth unit, doubling Geneva presence

Ellen Wallace — Wed, 07 Oct 2009 08:51:09 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) - Julius Baer Group has agreed to buy ING Bank (Switzerland) Ltd, based in Geneva, for CHF520 million, the Swiss bank announced 7 October. The ING bank will be folded into Bank Julius Baer. The combined assets under management (end August 2009 figures) will be CHF160 billion, with the Dutch bank subsidiary’s [...]

Julius Baer buys Geneva ING wealth unit, doubling Geneva presence © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Bank Julius Baer shows interest in ING private assets

Ellen Wallace — Mon, 21 Sep 2009 08:05:28 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) – Bank Julius Baer has acknowledged that is open to the possibility of buying the private client assets of large Dutch bank ING, reports Reuters, which spoke to the bank to clarify Italian newspaper reports that the bank is not interested. The news agency estimates ING’s private assets at $2 billion. The [...]

Bank Julius Baer shows interest in ING private assets © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Julius Baer revises its figures for 2008 to reflect split into two groups

Ellen Wallace — Thu, 04 Jun 2009 13:20:04 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) – Bank Julius Baer, the country’s largest private bank, has revised its 2008 figures, attributing them to the two completely separate groups it will present to shareholders at a 30 June Extraordinary General Meeting. The bank is splitting its private banking and asset management business, with the first to be called Julius [...]

Julius Baer revises its figures for 2008 to reflect split into two groups © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.