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Midweek Roundup: Julius Baer Sets Aside $350 Million for U.S. Settlement, U.K. Seeks Input on Registry Plan, and More
printJulius Baer Group Ltd. has set aside $350 million to resolve a pending settlement with U.S. officials for purportedly aiding American tax evaders, according to Bloomberg. A final deal could be reached within weeks, the news agency said, citing two unnamed sources. More The Bank of China will cooperate with Italian prosecutors seeking indictments against the bank and hundreds of Chinese migrants, the Associated Press said, citing a bank statement released Tuesday. Investigators are looking into whether senior bank managers in Milan and hundreds of others contributed to the transfer of $5.1 billion in illicit proceeds to China. More New...
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