Swiss private bank Julius Baer negotiating multi-millions fines with DoJ

On Wednesday, in a statement Swiss private Julius Baer said, it is in advanced negotiations with the U.S. Department of Justice over alleged money laundering and corruption involving FIFA; the development is likely to lead to a double-digit million U.S. dollar fine.

Its statement also mentioned that it is planning to propose the distribution of the second part of the 2019 dividend at the November 2 extraordinary shareholder meeting.

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