|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||62.32 - 62.32|
|52 Week Range||25.40 - 62.32|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||16.91|
|Forward Dividend & Yield||3.56 (5.88%)|
|Ex-Dividend Date||Apr 16, 2021|
|1y Target Est||N/A|
Julius Baer has made an agreement with the U.S. Department of Justice (DoJ) to settle allegations over its role in corruption surrounding global soccer body FIFA, the bank said on Monday. Julius Baer said it expects a final resolution of the matter "shortly." Switzerland's third largest private bank said it had been cooperating with the DOJ since 2015 in the agency's investigation of alleged money laundering and corruption involving officials and affiliates of FIFA and associated sports media and marketing companies.
Swiss private bank Julius Baer Gruppe AG <BAER.S> plans to set up business in China in partnership with a local financial firm as part of its strategy to boost growth in Asia, people with direct knowledge of the matter told Reuters. Julius Baer aims to establish a majority-owned joint venture to tap the rapidly growing wealth in the world's second-largest economy and has started looking for a partner, said the people. The plan comes as China, the world's second-largest country by number of billionaires, has been rapidly opening up its financial sector for bigger foreign participation.
Swiss private bank Julius Baer could seek to recoup 150 million Swiss francs ($162 million) from UBS after it was ordered on Friday to repay the German government over millions in East German cash that vanished after the fall of the Berlin Wall. The German government has been seeking money that it says was illegally transferred out of East Germany when the communist regime collapsed. At that time, large sums were moved from an East German foreign trade company to foreign banks, so the money could not be seized by a reunified Germany.