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Swiss bank Julius Baer has agreed to pay $547 million. He also vowed to cooperate for three years with U.S. authorities to shut down accounts that allowed wealthy Americans to avoid taxes.

The Samsung Galaxy S7 is slated to debut on February 21. The company has given out invitations to an "Unpacked" event, which is scheduled for 7 p.m. CET, on the eve of the annual Mobile World Congress, the year's biggest mobile trade show.

LG has recently confirmed the launch date of G5 to be on February 21. The upcoming device is expected to sport dual cameras, an accessory slot and more.