Ex-client claims up to $125 mln from Swiss bank Julius Baer

March 21, 2016 8:13 AM

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ZURICH, March 21 A former client of Julius Baer has served the Swiss bank with a claim for up to around 121 million Swiss francs ($124.8 million) for losses allegedly stemming from foreign exchange transactions, Baer said on Monday.

"The claimant claims losses in the context with foreign exchange transactions and argues that the bank has breached its duties with respect to diligence, disclosure and information duties," Switzerland's third-largest listed bank said in its 2015 annual report.

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