The expert blog Inside Paradeplatz reports that there are rumours that Credit Suisse could be interested in taking over Julius Baer. Credit Suisse has settled its tax dispute with the USA by paying a fine of $2.6bn while the settlement of Julius Baer, another Category 1 bank, is ongoing.

In the current environment, banks scrutinize the US litigation situation before considering any merger or acquisition. The US fine could heavily burden the financial situation of banks.