Legal
German court rules J. Safra Sarasin to pay $50 mln over bad advice
Swiss bank J. Safra Sarasin must pay German drug store entrepreneur Erwin Mueller around 45 million euros ($50.7 million) in compensation for incorrect investment advice, a court in the German city of Ulm has ruled. The Brazilian-owned bank had put Mueller's money into a fund specialising in so-called cum-ex trades. …
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