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Old 25.09.2020, 18:56
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Julius Baer and a murky story...

Swiss private bank Julius Baer has been ordered to return SFr150m ($160m) misappropriated by a notorious East German agent known as “the Chanel communist” following the collapse of the Berlin Wall.

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Story is also in the ft but behind a paywall.
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Old 26.09.2020, 10:59
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Re: Julius Baer and a murky story...

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Swiss private bank Julius Baer has been ordered to return SFr150m ($160m) misappropriated by a notorious East German agent known as “the Chanel communist” following the collapse of the Berlin Wall.

Source

Story is also in the ft but behind a paywall.
Seems like they acquired this from UBS and hence inherited the immediate liability but seems reading between the lines have covered themselves; most probably under the terms of he acquisition.
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