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People News: Julius Baer, KKR

Gavel

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.

Citi reaches yen Libor settlement

Citi Building Sign

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.

JPMorgan predicts rise in smaller M&A

Chennai Super Kings Elephant

Megadeals will probably be replaced by a rising number of smaller acquisitions in 2016 as growing cash reserves keep last year’s record-breaking takeover momentum going, according to JPMorgan.

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