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Julius Baer goes on takeover trail

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Net new money added 12 billion francs to assets under management that hit a record 300 billion francs at Baer last year.

Zurich

SWISS private bank Julius Baer is again looking for acquisitions now that a final settlement of US allegations that it helped rich Americans dodge tax is within reach.

Provisions for the US$547 million settlement, which has been approved by the Department of Justice but