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Mon, Mar. 31, 2:40 AM
- Switzerland's competition commission, WEKO, is investigating several Swiss, U.K. and U.S. banks over the possible manipulation of forex markets.
- Banks being probed include UBS (UBS), Credit Suisse (CS), Julius Baer (JBARF), JP Morgan (JPM), Citigroup (C), Barclays (BCS) and Royal Bank of Scotland (RBS).
- WEKO started a preliminary inquiry in October, joining other authorities from around the world in investigating possible currency rigging.
Oct. 9, 2012, 6:58 AM
Aug. 10, 2012, 9:48 AM
Oct. 24, 2011, 8:39 AMAccording to sources, Swiss banks are likely to settle a U.S. probe of offshore tax evasion by paying billions and handing over the names of thousands of Americans with secret accounts. Americans with Swiss bank accounts "are the functional equivalent of residents of New Orleans on the eve of Hurricane Katrina who have no idea that Katrina is about to happen," says a tax attorney. | 3 Comments
Sep. 4, 2011, 9:50 AM
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JBAXY vs. ETF Alternatives
The Julius Baer Group is the leading Swiss private banking group, focusing exclusively on the demands of sophisticated private clients, family offices and external asset managers from around the world. It has the largest international presence of all Swiss private banks with over 40 locations in... More
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