Julius Baer to Pay $547 Million to Resolve U.S. Tax Probe

Updated on
  • Bank says it’s reached an agreement in principle with U.S.
  • Tax investigation had hampered bank's ability to make deals

Julius Baer to Pay $547M to Resolve U.S. Tax Probe

Julius Baer Group Ltd said it expects to pay about $547 million to settle a U.S. criminal investigation into how it helped Americans evade taxes, clearing the way for other Swiss banks to resolve similar probes.

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