Julius Baer replaces CEO, exits private debt after Signa hit
Feb 1, 2024 · Julius Baer ousted its CEO and said it would exit the private debt business on Thursday as the Swiss bank reported losses of 586 million Swiss francs ($679 million) on loans to collapsed...
Swiss watchdog starts enforcement action against Julius Baer
19 hours ago · 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.
Julius Baer hit by Signa exposure, announces CEO exit and job cuts - CNBC
Feb 1, 2024 · Swiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa Holding, as it announced CEO Philipp Rickenbacher would step down and the...
Julius Baer CEO resigns as Swiss bank announces plans to quit …
Feb 1, 2024 · GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa.
Julius Baer Replaces CEO, Exits Private Debt After Signa Hit - U.S.
Feb 1, 2024 · ZURICH (Reuters) - Julius Baer ousted its CEO and said it would exit the private debt business on Thursday as the Swiss bank reported losses of 586 million Swiss francs ($679 million) on loans...
Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit
Feb 1, 2024 · Julius Baer was hit by a 52 per cent fall in annual profits as the Swiss wealth manager announced it was writing off its SFr606mn ($700mn) exposure to the crisis-hit Signa property group.
Julius Baer chairman to leave as Signa reckoning widens
Jan 27, 2025 · ZURICH (Reuters) -The chairman of Julius Baer, Romeo Lacher, is to step down, the Swiss bank said on Monday, as it continues a management shake-up that began a year ago after it suffered major ...
Julius Baer chief executive and board member to leave over Signa …
Jan 31, 2024 · 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...
Julius Baer CEO Exits Over $700 Million Signa Loss - The Wall …
Feb 1, 2024 · The private bank took a full loss allowance on the roughly $700 million it lent to Benko, the Austrian developer whose empire extended to a stake in the Chrysler Building, and his Signa group.
Julius Baer's Signa losses could reach $460 mln, says analyst
Dec 18, 2023 · Julius Baer's exposure to toppled property group Signa could result in losses that far exceed the provisions taken by the Swiss wealth manager, an analyst said on Monday.
- Some results have been removed