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Julius Baer CEO confident of resolving U.S. tax case in 2015
February 2, 2015 / 7:19 AM / 3 years ago

Julius Baer CEO confident of resolving U.S. tax case in 2015

ZURICH (Reuters) - The head of Julius Baer said on Monday he was confident the Swiss bank would resolve this year a U.S. probe for allegedly helping wealthy Americans to evade taxes with hidden offshore accounts.

The logo of Swiss private bank Julius Baer is pictured on the company's branch in Lausanne November 13, 2014. REUTERS/Denis Balibouse

“We still don’t have any news for you on this topic but I am confident that this is now, once and for all, a 2015 topic,” Julius Baer Chief Executive Boris Collardi said, when asked by journalists about the U.S investigation during a conference call after the bank published its full-year results.

Collardi also said the bank did not intend to pass on negative interest rates to clients for the time being, following a move last month by the Swiss National Bank to introduce negative interest rates.

Reporting by Joshua Franklin; Editing by Maria Sheahan

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