Julius Baer Settles FIFA Corruption Case With U.S. Authorites
This article is for subscribers only.
Julius Baer Group Ltd. reached a settlement with U.S. authorities over a long-running investigation involving the bank’s role in corruption at FIFA, the governing body for world soccer.
The Swiss private bank has set aside $79.7 million to help cover financial penalties related to the deal, which will be booked against 2020 results, according to a statement on Monday.