Julius Baer Says Unit's Client Data Were Stolen

Private Swiss bank Julius Baer Holding AG said client data from its Cayman Islands unit were stolen, in a major embarrassment for a bank that prides itself on its discretion and secrecy for its wealthy clients.

The bank said it suspects a former employee stole old client records and disclosed them to the Swiss media. It doesn't know if or how the data may have been misused, and it doesn't yet know if any current clients or how many clients are affected, said Juerg Staehelin, a spokesman for the Zurich-based bank. The bank wasn't aware of any other misuse of ...