VENTURE CAPITAL POST

Julius Baer Group said it has attained the last settlement phase with the US Department of Justice. As per the terms of the deal, the Bank agreed to pay $547.25 million to evade prosecution.

Julius Baer (BAER.VX) has not held talks with larger rival Credit Suisse (CSGN.VX) about merging, the Swiss private bank's chief executive said in comments made in the weekly Schweiz am Sonntag.

Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.

Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

Switzerland's third largest wealth manager Julius Baer Group Ltd said it has already acquired the Middle Eastern wealth management units of Merrill Lynch located in Lebanon, Bahrain and the United Arab Emirates.

The Brazilian unit of Julius Baer Group would be opening offices outside the main centers of Sao Paulo and Rio de Janeiro.

Credit Suisse's falling stocks boded ill for other Swiss stocks.

Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.

bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.