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...The Swiss bank Julius Baer has been a prominent casualty....
...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....
...It added it had “irretrievably and justifiably lost trust and confidence in the fund due to mismanagement” and called for an independent investigation into how the fund was run....
...As chief executive, and with Finma investigating Julius Baer’s exposure, Rickenbacher was the fall guy....
...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....
...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....
...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....
...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 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....
...Private credit and leveraged lending markets remain vulnerable to “sharp revaluations”, the Bank of England has warned, in its latest attempt to sound alarm bells about risks building up in non-bank finance...
...He’d been made chief executive of Switzerland’s third largest private bank, Julius Baer, at just 34....
...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...
...There really wasn’t much wealth in Ireland 30 years ago and it’s changed dramatically over the past 10 or 15 years,” says Keith Ryan, head for Ireland at Julius Baer, Switzerland’s second-biggest bank, which...
...The bank’s chief executive and her husband have also denied wrongdoing....
...Job moves Julius Baer’s chief executive Philipp Rickenbacher is leaving the Swiss bank as it prepares to write off $700mn in loans to crisis-hit Austrian property group Signa....
...Credit Suisse’s collapse last year has left a place free that Julius Baer’s chief executive will take at the institute’s next meeting, due to take place in Dublin in May....
...On Monday, Swiss bank Julius Baer 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...
...(Bank of America also lent them money for the planes, but as you’d expect from a bank, it demanded interest payments and security over the jets.) Well, we have an update....
...Job moves Swiss private bank Julius Baer is overhauling its executive board in a shake-up that will see UBS private banker Sonia Gössi, currently on garden leave, replace Yves Robert-Charrue as head of...
...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...
...They can directly spark liquidity strains, bank runs and capital flight — which can be exacerbated by a loss of trust in financial institutions or payment systems....
...News round-up Junior analyst’s lawsuit against top bank puts Wall Street hours on trial (FT) Italy intervenes in Safran deal over national security concerns (FT) Julius Baer warns on profits weeks after...
...Under the deal, the brokers agreed to co-operate in future criminal investigations and to enhance and report on their compliance....
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