February 6, 2019 / 4:40 PM / 11 days ago

BRIEF-Julius Baer says U.S. court formally dismissed cross-border legacy charges

Feb 6 (Reuters) - Julius Baer Gruppe AG says:

* IT HAS RESOLVED ITS DEFERRED PROSECUTION AGREEMENT (DPA) WITH U.S. DEPARTMENT OF JUSTICE TO SETTLE ITS LIABILITY IN CONNECTION WITH ITS LEGACY U.S. CROSS-BORDER PRIVATE BANKING BUSINESS

* U.S. FEDERAL COURT IN NEW YORK FORMALLY DISMISSED THE CHARGES AGAINST BAER, THEREBY TERMINATING THE DPA Further company coverage: (Reporting by Brenna Hughes Neghaiwi)

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