Swiss Private Bank Julius Bär Cuts 400 Jobs Despite Profit Boost
The bank's profits climbed by 125% to CHF1.02 billion in the 2024 financial year. This follows a poor 2023 when Julius Bär reported a halving of profit due to write-downs of CHF606 million on loans to the insolvent Signa Group of Austrian investor René Benko.
Swiss banking giant Julius Baer to lay-off nearly 400 employees
Swiss banking giant Julius Baer has announced plans to cut its workforce by around 5%. The layoff is as part of a cost-saving strategy launched by the new CEO, Stefan Bollinger. The decision comes after the bank suffered significant financial losses due to its involvement with the now-defunct property group Signa.
Im Nachgang der Belastungen, die Julius Bär im Zuge der Signa-Pleite zu schultern hatte, steht die Bank nun im Fokus eines ...
Switzerland’s financial regulator has opened enforcement proceedings against Julius Baer, the latest hit to the Swiss wealth manager from its exposure to failed property group Signa.
( MENAFN - Swissinfo) Swiss financial regulator Finma said it had opened an enforcement procedure against Julius Bär, stepping up action against the bank over risk failures linked to the collapse of ...
Swiss financial regulator Finma said it had opened an enforcement procedure against Julius Baer Group Ltd., stepping up ...
"Julius Baer promised a fresh start after the Signa story and this is now the consequence," Bank Vontobel analyst Andreas Venditti said. In a statement, Lacher said: "With Stefan Bollinger ...
Swiss financial regulator Finma said it had opened an enforcement procedure against Julius Baer Group Ltd., stepping up action against the bank over risk failures linked to the collapse of the Signa ...
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