KUALA LUMPUR, Nov 14 — Malaysia in in settlement talks with Swiss bank Julius Baer Group Ltd. over a US$112 million lawsuit filed by 1MDB’s former unit, SRC International, which alleges the bank breached its fiduciary duties in the global financial scandal.

Datuk Seri Johari Abdul Ghani, chairman of the 1MDB asset recovery task force, confirmed the development to Bloomberg News.