Major Swiss bank closing accounts of Russians ...News

Julius Baer will reportedly cease doing business with clients residing in Russia by year-end, citing economic restrictions Swiss private bank Julius Baer will end all business with clients based in Russia due to sanctions, Reuters reported on Tuesday, citing a letter sent by the bank. The document reads that the accounts of clients who permanently reside in Russia will be closed by December 31, 2023, due to “the current circumstances and restrictions” that prevent the bank from providing clients with a full range of asset management services that are up to standard. Julius Baer will also reportedly terminate by th

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