FIFA fallout: Swiss bank Julius Baer launches internal investigation
Swiss bank Julius Baer said on Wednesday it has opened an internal investigation in connection with FIFA amid a corruption scandal surrounding soccer's governing body.
Julius Baer, Switzerland third largest listed bank, was one of a number of banks mentioned in the U.S. Department of Justice's May charge sheet against high-ranking individuals in FIFA.
"We have launched an internal investigation," a spokesman for Zurich-based Julius Baer said. "We are fully cooperating with the authorities."
The spokesman declined to say when the investigation began, or with which authorities it was cooperating.