Latest Business News: Switzerland Charges Man With Selling Bank's Client Data to Germany

Now watching

Next video starts in : 7 Play

Latest Business News: Switzerland Charges Man With Selling Bank's Client Data to Germany

Latest Business News: Switzerland Charges Man With Selling Bank's Client Data to Germany
Replay video
Up next

Wall Street wavers after IBM disappoints; Apple unveils Apple Pay

Wall Street wavers after IBM disappoints; Apple unveils Apple Pay Up next

Wall Street wavers after IBM disappoints; Apple unveils Apple Pay

Unlock your personal NFL Now stream by signing in to NFL.com

Latest Business News: Switzerland Charges Man With Selling Bank's Client Data to Germany

Wochit 0:54 mins

Swiss prosecutors have charged a German IT expert with selling client data from private bank Julius Baer in Zurich to the German tax authorities. An accomplice, identified only as a retired German tax inspector, was under investigation, the prosecutors said in a statement. A former chairman of Tesco, the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clarke sufficient time. U.S. consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years, a survey recently released showed.

View Comments (0)