UPDATE 4-Swiss bank Julius Baer slammed for money laundering failures [Reuters (UK)]
JULIUS BAER GRP UNSP/ADR (JBAXY)
NASDAQ:AMEX Investor Relations:
juliusbaer.com/group/en/investors
Company Research
Source: Reuters
Swiss bank Julius Baer slammed for money laundering failures - Reuters 4 Min Read ZURICH (Reuters) - Swiss bank Julius Baer ( BAER.S ) has been reprimanded by the country’s watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked to corruption in Venezuela and world soccer body FIFA. In a highly critical report, FINMA said there had been scores of failings at Switzerland’s third-largest bank, such as when it accepted a 70 million Swiss franc ($71 million) transfer for a Venezuelan customer in 2014 despite knowing he was accused of corruption. The regulator’s announcement, which outlined serious lapses as recently as 2018, comes as Switzerland seeks to change its image as one of the globe’s most opaque and secretive financial centers. FINMA told Julius Baer to improve its controls and appointed an auditor to oversee the group. Nonetheless, it did not make use of its power to demand the return of profits linked to the wrongdoing, meaning t
Show less
Read more
Impact Snapshot
Event Time:
JBAXY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JBAXY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JBAXY alerts
High impacting JULIUS BAER GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
JBAXY
News
- Sale of Kairos to Anima Successfully Completed [Yahoo! Finance]Yahoo! Finance
- Annual General Meeting 2024 of Julius Baer Group Ltd. [Yahoo! Finance]Yahoo! Finance
- Julius Baer: Shares Still Good Value After Private Debt Debacle [Seeking Alpha]Seeking Alpha
- Tax Evasion Through Swiss Banks Alleged Against Florida Resident [Forbes]Forbes
- Bitcoin Tops $73,000 After Record-Breaking Billion-Dollar ETF Inflow [zero hedge]zero hedge