Op risk data: Regulator fines tumble by $5bn in 2019
Also: Julius Baer hit with $150m Cold War-era claim, Barclays pays $87m for bond rigging. Data by ORX News
Jump to In focus: bank fines | Spotlight: UBS defamation case
In December’s largest loss, the Zurich Court of Appeal ordered Swiss private bank Julius Baer to pay Sfr153 million ($154.6 million) to the German government over alleged unauthorised withdrawals made from an account at its subsidiary, Cantrade Bank, dating back to the fall of the Berlin Wall.
In 2014, Bundesanstalt für vereinigungsbedingte Sonderaufgaben – a government body that seeks to track down assets previously held by the former
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