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Julius Baer Sends 2,500 Employee Names to U.S., Le Temps Reports

Julius Baer Group Ltd. sent the names of 2,500 employees, former employees and external managers to U.S. authorities, Le Temps reported, citing a letter written by Geneva-based lawyer Douglas Hornung to Swiss Finance Minister Eveline Widmer-Schlumpf.

Julius Baer declined to comment on the matter, the Swiss newspaper said. Martin Somogyi, a spokesman for the Zurich-based bank, declined to comment when called by Bloomberg News.

Mario Tuor, a spokesman for the State Secretariat for International Financial Matters in the Swiss capital Bern, said the government hasn’t confirmed any figures with regard to the transfer of employee names.

Julius Baer said Feb. 6 it expects to pay a fine and hand over client data to U.S. authorities as part of an investigation into Americans using Swiss banks to hide money from the Internal Revenue Service. The bank, which exited its U.S. private-client business between 2009 and 2011, said at the time that the amount of the fine is not “reliably assessable.”

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