Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Source: nbcchicago.com
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Julius Baer to Exit Private Debt After Benko Saga Claims CEO
(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&P 500 Has Its
Source: yahoo.com
Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Source: nbcmiami.com
Julius Baer CEO exits bank over losses on private loans to bankrupt property firm Signa
The Swiss bank said it lost CHF 596 million ($678 million) on private loans to the Austrian real estate company
Source: marketwatch.com
Julius Baer CEO departs after private credit write-down contributes to 52% profit slump
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
Source: investmentweek.co.uk