Julius Baer announced  that it ‘has reached an agreement in principle with the U.S. Attorney’s Office for the Southern District of New York with respect to a comprehensive resolution regarding its legacy U.S. cross-border business. Based on the terms of the agreement in principle, Julius Baer has taken an additional provision of USD 197.25m to supplement its preliminary provision of USD 350m in June 2015’. This agreement is subject to the final approval with the US Department of Justice. The bank excepts to settle in Q1, 2016.