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...The Swiss bank Julius Baer has been a prominent casualty....
...The network of firms in Benko’s Signa group not only borrowed from banks including Julius Baer and UniCredit, but also relied heavily on funding from more than half a dozen insurers, according to documents...
...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....
...Swiss financial regulator Finma, which has been investigating Julius Baer’s exposure to Signa, is also stepping up its probe. Julius Baer declined to comment....
...Julius Baer shares fell 10.5 per cent, hitting their lowest level in just over a year....
...Among the high-profile victims is Switzerland’s Julius Baer....
...“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....
...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...
...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....
...Lenders to Signa include Austria’s Raiffeisen and Erste Group and Switzerland’s Julius Baer....
...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....
...Sam Jones So we know some banks were quite significant lenders to René Benko and to Signa. For example, Julius Baer in Switzerland has over SFr600mn of exposure to the Signa group....
...Julius Baer has outstanding lending of more than SFr600mn ($690mn) to Signa, and Raiffeisen Bank International more than €750mn, according to people familiar with the details....
...Gregory and Vera deposited $38mn at Julius Baer....
...Sam Jones is the FT’s Austria and Switzerland correspondent and acting Berlin correspondent Find out about our latest stories first — follow @ftweekend...
...Swiss bank Julius Baer on Monday said it was reviewing its private debt business after revealing a €606mn exposure — its single largest — to a “European conglomerate . . . in commercial real estate and luxury...
...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....
...In 1824, Parliament purchased 38 pictures from businessman John Julius Angerstein’s estate, exhibited in his Pall Mall home....
...Swiss wealth manager Julius Baer is the only lender to publicly outline its exposure, stating this week that it had SFr606mn ($692mn) of loans to a European company, which people close to the business have...
...Julius Baer, which manages assets of about SFr424bn ($462bn) for wealthy individuals, is poised to become Switzerland’s second-largest bank as a result of the merger....
...But Howard Silverblatt of S&P Dow Jones Indices reminded me there was a similar is-growth-dead moment when Microsoft paid its first dividend in 2003. That company’s stock was $24 back then....
...The area had been settled by veterans of Julius Caesar’s Gaul campaigns. (So began a tradition: the Gard countryside is still populated by wealthy retirees, this time from the corporate battlefields)....
...Additional contributions from Emily Goldberg and Gary Jones...
...The share price at Julius Baer, which has a sizeable Asian footprint, rose 13 per cent last week....
...Make-up, Jimmy Owen Jones at Julian Watson Agency using Byredo and Naturium. Photographer’s assistants, Akira Trees, Emma Ercolani and Rami Hassen. Stylist’s assistants, Connie Ng and Rachel Allison....
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