Julius Baer ordered to pay $162m over vanished East German cash

Sat, 2020-09-26 03:06 ZURICH: 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...

Julius Baer ordered to pay 150 million Swiss francs over vanished East German cash

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.Want to know more on Julius Baer ordered to pay 150 million Swiss francs over vanished East German cash click here go to market news source....

Julius Baer must pay around 150 million sfr to Germany: court rules

Switzerland's highest court has ordered Julius Baer to pay a total of around 150 million Swiss francs (US$162 million) following a claim by the German agency which oversaw the privatisation of East German state assets.Want to know more on Julius Baer must pay around 150 million sfr to Germany: court rules click here go to market news source. Market news summary from Channel News Asia Business News.Author:

Swiss National Bank ready to step up FX purchases as it sticks to expansive stance

ZURICH -- The Swiss National Bank is ready to buy more foreign currency, it said on Thursday, citing global political risks which could heap appreciation pressure on the safe-haven franc and stall Switzerland's post-coronavirus economic recovery. Read More Want to know more on Swiss National Bank ready to step up FX purchases as it sticks to expansive stance click here go to market news source. Market news summary...

Swiss National Bank turns less gloomy, keeps policy on hold

ZURICH -- The Swiss National Bank turned less gloomy on the coronavirus pandemic's impact on the Swiss economy while keeping its ultra-expansive monetary policy on Thursday. Read More Want to know more on Swiss National Bank turns less gloomy, keeps policy on hold click here go to market news source. Market news summary from Financial Post Finance News. Author: Reuters
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