trending Market Intelligence /marketintelligence/en/news-insights/trending/h4xerwwamfn2dhbxukh0pw2 content esgSubNav
In This List

Julius Bär to suspend employee involved in Swiss arms deals probe

Blog

Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge


Julius Bär to suspend employee involved in Swiss arms deals probe

Julius Bär Gruppe AG will suspend an employee involved in an investigation by Swiss federal prosecutors into arms deals by Swiss weapons-maker RUAG, Reuters reported.

A spokeswoman for the Swiss lender said it had taken note of the allegations surrounding the employee and was looking into them, according to the newswire.

A Julius Bär banker in Russia has been alleged to be involved in the case, Reuters reported, citing Swiss paper Handelszeitung.