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People News: Julius Baer, KKR

Two former Julius Baer private bankers pleaded not guilty on Tuesday to U.S. charges that they conspired to help U.S. taxpayers hide more than $600m in offshore accounts and evade paying taxes.

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Citi reaches yen Libor settlement

Citigroup will pay $23m to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.