Julius Baer has written off an entire loan against Signa, and the CEO is stepping down to take responsibility for the lapse in judgment. Read why the JBAXY stock is a buy.

Julius Baer's exposure to toppled property group Signa could result in losses that far exceed the provisions taken by the Swiss wealth manager, an analyst said on Monday.

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, the largest in ...

Julius Baer Group Ltd. reported better-than-expected inflows in the first half of the year while keeping investors waiting ...

| Jan. 27, 2025, at 2:05 a.m. More ... Reuters FILE PHOTO: A logo is pictured on Swiss private bank Julius Baer building in Geneva, Switzerland, November 21, 2024. REUTERS/Denis Balibouse/File Photo ...

Julius Baer put the spotlight back on risks at Switzerland’s banks with the departure of its chief executive and a big write-down of loans extended to property magnate René Benko. The private ...

Julius Baer didn’t say what caused the increase in souring loans. The firm along with numerous other banks in Switzerland, Germany and Austria was a lender to Signa, people familiar with the ...

Julius Baer declined to comment further on Tuesday. Shares were down 5.6% by 1505 GMT to trade at their lowest this year, after Morgan Stanley analysts downgraded the stock to underweight.

Die Schweizer Privatbank Julius Bär muss wegen ihrer Kredite an das Signa-Konglomerat von René Benko voraussichtlich rund 400 Millionen Franken oder mehr abschreiben, meldet die Schweizer ...

Business Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business People pass the headquarters of the Julius Baer bank in Zurich, Switzerland, on Oct. 9, 2012.