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Julius Baer set out plans to cut another SFr130mn ($159mn) in costs as part of a strategic update aimed at restoring ...
Julius Baer's stock has recently tanked after it revealed it had lent CHF 606 million to a single client, Signa Holding, representing 40% of its private debt loan book. The bank has written off ...
Julius Baer Group BAER-1.43%decrease; red down pointing triangle said its chief executive officer will step down after it reported major losses related to its exposure to Austria’s Signa Group.
ZURICH, Dec 18 (Reuters) - Julius Baer's (BAER.S), opens new tab exposure to toppled property group Signa could result in losses that far exceed the provisions taken by the Swiss wealth manager ...
Austrian property magnate Rene Benko's Signa Group, which was Julius Baer's (BAER.S), opens new tab largest client in its private debt business, collapsed into insolvency late last year.
"Julius Baer promised a fresh start after the Signa story and this is now the consequence," Bank Vontobel analyst Andreas Venditti said. In a statement, Lacher said: "With Stefan Bollinger ...
Julius Baer Group Ltd. slumped the most in more than ... the unexpected increase reflects loans the bank made to Benko’s Signa.
Six months ago, Julius Baer reported a 52 per cent fall in annual profits as the lender was forced to close down its private debt business following the implosion of Signa, the unit’s largest ...
Signa, controlled by an Austrian magnate, has borrowed heavily from banks including Julius Baer, which on Monday disclosed it had an exposure of more than 600 million Swiss francs ($682.6 million ...
The bank is looking to boost growth in its core wealth management business and address lingering legacy issues.
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Julius Baer Group Ltd Appoints Stefan Bollinger as New CEO, Aiming to Move Past Signa ScandalJulius Baer Group Ltd has appointed Stefan Bollinger as its new CEO, aiming to move past last year's Signa real estate scandal. Whoopi Goldberg defends Carrie Underwood's decision to sing at Trump ...
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