The Swiss bank Julius Baer will pay the German government 50 million euros to protect its German clients' data and stave off future investigations, Deutsche Welle reports. German tax authorities have been looking into tax evasion after acquiring an electronic file containing data on citizens who hold Swiss bank accounts last year, the report states. "This will end investigations against Julius Baer," the Zurich bank said in a statement this week. Credit Suisse has also been a target of the investigations.
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