Stocks in Switzerland advanced, with the benchmark Swiss Market Index heading for its ninth consecutive monthly gain, as the economy grew more than forecast and investors awaited U.S. property and growth data.
Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, informed some American clients that their accounts meet the criteria of a U.S. request for data amid a Justice Department offshore tax-evasion probe.
Julius Baer Group Ltd., the Swiss wealth manager founded in 1890, fell the most in three months in Zurich trading after saying it expects to pay a fine to resolve tax matters with the U.S. and as profit declined 27 percent.
Julius Baer Group Ltd., the Swiss wealth manager established in 1890, said first-half profit climbed 19 percent after earnings in the year-earlier period were cut by a payment to settle a German tax-evasion probe.
Julius Baer Group Ltd. , the 120- year-old Swiss private bank, expects to double the portion of staff in Asia as it taps an “increasingly important” market for expansion, Chief Executive Officer Boris Collardi said.
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi said Bank Sarasin & Cie. AG meets his acquisition criteria and a takeover would produce “synergies,” Le Temps reported, citing an interview with the CEO.
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi said the outcome of talks with Bank of America Corp. about acquiring its Merrill Lynch wealth- management business outside the U.S. is still open, NZZ am Sonntag reported, citing an interview.