Julius Baer in talks on multimillion-dollar Fifa corruption settlement in US
The Swiss bank, which has been reprimanded for failure to carry out money-laundering checks, is in ‘advanced discussions’ to settle the case
16 September 2020 - 17:17
Zurich — Julius Baer may pay tens of millions of dollars to settle US allegations over its role in soccer body Fifa's corruption affair, the Swiss bank said on Wednesday, adding it will ask shareholders in November to a back a second 2019 dividend payout.
Baer is in “advanced” talks with the US department of justice over the Fifa scandal, a holdover from the era of former CEO Boris Collardi, who is now at Pictet, that has kept its lawyers busy for years...
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