Hints and tips:
Related Special Reports
...Julius Baer was hit by a 52 per cent fall in annual profits, the Swiss wealth manager said on Thursday, as it prepared to write off its entire SFr606mn ($702mn) exposure to the Austrian luxury property developer...
...The recent collapse of Credit Suisse, following a decade of scandals, and its takeover by UBS presented Julius Baer with a once-in-a-generation opportunity to pick off advisers and clients from its much...
...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 is one of the biggest lenders to Signa, a European luxury developer whose assets include a stake in KaDeWe, Germany’s most famous department store, and the Chrysler Building in New York....
...Julius Baer appears to be one of them. A trading update included large provisions and a hit to profits on Monday....
...People close to the group said Julius Baer is one of the biggest lenders to Signa, one of Europe’s highest-profile luxury developers, which announced this month that it had appointed a new chair to restructure...
...According to people familiar with the matter, Julius Baer is one of the biggest lenders to Signa, a European luxury developer whose assets include a stake in KaDeWe, Germany’s most famous department store...
...client exposures,” analysts at Jefferies wrote in a note on Julius Baer....
...Instead, this week Julius Baer took a SFr70mn ($79mn) write-off. The red ink was widely thought to flow from problem loans owed by businesses of flamboyant Austrian property mogul René Benko....
...“Young collector groups assume that new collectors are young, but they could easily be in their fifties or sixties,” says the art adviser Josh Baer, who writes The Baer Faxt, a popular newsletter for the...
...“I don’t want to be a serial killer!” yells Dolores as she’s about to claim her fourth victim in two weeks....
...Given a healthy return on equity at over 16 per cent, Julius Baer has solid foundations for sustainable growth. A forward earnings multiple of 10 times is undemanding....
...Rising interest rates meanwhile powered a surge in profits, which rose 14 per cent compared to the same period last year to SFr541mn....
...The other crisis-hit Swiss lender Philipp Rickenbacher was installed as chief executive of Julius Baer four and a half years ago with a simple objective: play it safe....
...Julius Baer reported a core equity tier one capital ratio — a key measure of balance sheet strength — of 15.5 per cent, up from 14 per cent at the end of 2022....
...Read a transcript of this episode on FT.com...
...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....
...The heavily indebted group said in a statement on Wednesday it had applied for self-administration — a concept in Austrian corporate law where a company works to try to restructure itself without handing...
...Dolores Conchita Figueroa del Rivero was born in Washington in 1933, the middle child in a family of five....
...Baer was changing fast, however....
...“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 2021, Finma, Switzerland’s ordinarily quiescent market regulator, issued a damning regulatory judgment against Julius Baer....
...Lenders to Signa include Austria’s Raiffeisen and Erste Group and Switzerland’s Julius Baer....
...Julius Baer declined to comment. The €354mn Julius Baer loan was initially extended for two weeks before it was refinanced....
International Edition