Hints and tips:
Related Special Reports
...Shares in the Swiss bank, Julius Baer, slid nearly 20 per cent last month over fears about its SFr600mn of lending to Signa. The bank has repeatedly said it is well-collateralised....
...Green and the banks in question, including BNP Paribas, Barclays, and Julius Baer, denied the documents were authentic and that the transactions had been carried out, court records show....
...Finma had previously banned Julius Baer from undertaking large acquisitions and ordered the bank to improve its controls following its involvement in money-laundering scandals involving Fifa, world football...
...As a result of the biggest crisis to hit the bank in at least five years, Julius Baer reported SFr454mn of profit in 2023 — down from SFr950mn a year earlier — and earnings per share of SFr2.21, down 52...
...Julius Baer’s chief executive and a board member responsible for risk are leaving the Swiss bank as it prepares to write off SFr606mn ($700mn) on loans to crisis-hit Austrian property group Signa, according...
...Julius Baer appears to be one of them. A trading update included large provisions and a hit to profits on Monday....
...“What collateral does Julius Baer hold and how much is it still worth?”...
...Group’s business,” Julius Baer said on Monday....
...As chief executive, and with Finma investigating Julius Baer’s exposure, Rickenbacher was the fall guy....
...We had expected the Swiss bank and wealth manager to gather rather more of the assets shaken loose by the acquisition. Instead, this week Julius Baer took a SFr70mn ($79mn) write-off....
...Swiss private bank Julius Baer offered shelter to wealthy clients fleeing troubled Credit Suisse and its takeover by UBS....
...Switzerland’s second-biggest bank, Julius Baer, said it pulled in more than SFr9.2bn ($10.6bn) in new money from clients following the near-collapse of rival Credit Suisse and its takeover by UBS in March...
...Julius Baer, Switzerland’s third-largest bank, took on SFr9.2bn ($10.6bn) in new money following the near collapse of rival Credit Suisse in March....
...jobs Santander earnings boosted by strong performance in Europe Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit Turkey’s central bank rocked by another leadership shake-up US and UK...
...In October, Swiss banker Benjamin G, a former employee of Julius Baer, was found guilty of stealing more than SFr22mn from the savings of an elderly Israeli-Ukrainian couple....
...Among the high-profile victims is Switzerland’s Julius Baer....
...Julius Baer declined to comment. The €354mn Julius Baer loan was initially extended for two weeks before it was refinanced....
...“We take these allegations [from Hindenburg] seriously,” said Cengiz Sen, an analyst at Swiss bank Julius Baer, which is also a client of the company....
...In 2001, Benjamin left Lloyds to join Julius Baer, one of Switzerland’s oldest private banks, and at the time still controlled by the Baer family of Zurich. He took the Mirlases with him....
...The filing will raise concerns for dozens of European banks, including Switzerland’s Julius Baer and Austria’s Raiffeisen, over their exposures to Signa and Benko, which have sent shares tumbling in recent...
...The outcome comes after the pair earlier this year replaced a €354mn loan from Julius Baer, the Swiss bank, with a short-term shareholder loan of €364mn at the end of August....
...Switzerland’s Julius Baer reported a more than 50 per cent drop in its profits on Thursday after it wrote off SFr606mn ($700mn) from its exposure to Signa, the crisis-hit Austrian property group....
...Lenders to Signa include Austria’s Raiffeisen and Erste Group and Switzerland’s Julius Baer....
...Switzerland’s Julius Baer confirmed some SFr600mn of exposures to Signa Group earlier in the week. Sweden is calmer, but bank investors may still suffer a rude awakening....
...Switzerland’s Julius Baer and Credit Suisse, now part of UBS, as well as Austria’s Raiffeisen, Bank of China, France’s Natixis and Italy’s UniCredit are among the group’s lenders....
International Edition