Julius Baer Friday played down an anonymous letter sent to Switzerland's banking regulator alerting the body to alleged irregularities in valuing fixed income trading positions.

"This is a minor incident and financially completely irrelevant," Julius Baer executive Hans de Gier said of the letter, seen by Dow Jones Newswires, at a press conference in Zurich.

Julius Baer plays down trading incident as 'minor'

Dow Jones Newswires

Julius Baer

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