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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), today met with global policymakers and

By Ed Frankl Julius Baer Group said its chief executive officer will step down after it reported major losses related to its exposure to Austria's Signa...

Julius Baer Group Ltd Key word Annual ResultsPersonnel Presentation of the 2023 fullyear results for the Julius Baer Group 01Feb2024 0700 CETCEST Release of an ad hoc announcement pursuant to Art 53

ZURICH (Reuters) -Julius Baer CEO Philipp Rickenbacher will leave the bank, the Swiss wealth manager said on Thursday, as it reported net credit losses of 586 million Swiss francs ($679 million) linked to its exposure to property and retail giant Signa Holding. The write off was significantly more than the 400 million Swiss franc Signa-related loss analysts and a Swiss newspaper had estimated the bank would post from its ties to Rene Benko's Signa, which recently declared insolvency. Juli...

The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.

(Bloomberg) -- Julius Baer Group Ltd. said it would exit its private debt business after writing down all of its loans to the bankrupt Signa companies, and confirmed that Chief Executive Officer Philipp Rickenbacher is stepping down as a result of the scandal. Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneHouse Passes $78 Billion Business, Child Tax Break BillS...

The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.

The Swiss bank said it lost CHF 596 million ($678 million) on private loans to the Austrian real estate company

Julius Baer CEO Philipp Rickenbacher is set to exit after a write-down of the firm’s largest private debt exposure added to the halving of profits