The Business Times
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Julius Baer goes on takeover trail

Published Mon, Feb 1, 2016 · 09:50 PM

    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 still needs a formal sign-off from a US court, contributed to a profit fall of around two-thirds at Switzerland's third-largest listed bank in 2015.

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