Reuters logo
Julius Baer CEO confident of resolving U.S. tax case in 2015
February 2, 2015 / 7:17 AM / 3 years ago

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

ZURICH, Feb 2 (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.

“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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below