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By Marlene Y. Satter, AdvisorOne |
October 9, 2012
The bank seeks to reduce its workforce by 15%–18%, now that it has a combined staff of some 5,700 in the wake of its acquisition of Bank of America-Merrill Lynch’s former U.S. wealth management units.
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By Marlene Y. Satter, AdvisorOne |
August 16, 2012
Thousands of employees of Swiss banks are finding that their employers are hanging them out to dry in exchange for hoped-for leniency in connection with American accounts involved in a tax evasion investigation.
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By Marlene Y. Satter, AdvisorOne |
August 10, 2012
Swiss money manager Julius Baer Group was reported to be close to a deal to buy the units that could be announced as early as Monday.
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By Janet Levaux, AdvisorOne |
June 20, 2012
The departures come on the heels of news that BofA is selling some operations to Julius Baer and firing some U.S. Trust managers.