Fwd: Tr. Julius Baer to take preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business
MEDIA RELEASE
Julius Baer Group Ltd.
Julius Baer to take preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business
The preliminary provision of USD 350 million will be charged to the 2015 half-year results. If the amount had been provisioned at the end of April 2015, the Group's BIS total capital ratio would have been 20.9% and its BIS tier 1 capital ratio 19.6%.
Noting that estimates are by their nature based on judgment, currently available information and a variety of other factors, the amount of the provision reflects Julius Baer's existing understanding and the present state of the preliminary discussions with the DOJ regarding the amount of an eventual settlement and may be subject to change. Whilst there is no defined timetable for a final settlement, Julius Baer continues to work towards closing this regrettable legacy issue as soon as possible.
Julius Baer's 2015 half-year results will be published on 20 July 2015.
Debut du message transfere:
Subject: "Tr: Julius Baer to take preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business"
Language/labels: French ("Expéditeur", "Destinataire", "Date")
Date/time: 23 juin 2015 18:27:23 UTC+2
Sender: [name redacted]
Recipients/CC: multiple recipients (names redacted)
Visible recipient roles: appears to include primary recipient and several copied recipients
Key entities referenced (in subject): Julius Baer; U.S. Department of Justice; amount ≈ USD 350 million; settlement / preliminary provision for legacy U.S. cross‑border business
Forwarded message:
From: A. de Rothschild
Date: Tue, Jun 23, 2015 at 7:04 PM
Subject: Fwd: Tr: Julius Baer to take preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border business
To: Jeffrey Epstein jeevacation@gmail.com
Ariane de Rothschild
