© Reuters. Swiss non-public banking group Julius Baer has put aside important reserves following revelations of a problematic mortgage publicity to a single European conglomerate, triggering issues concerning the financial institution’s threat administration practices and sending its shares down sharply. The Zurich-based financial institution disclosed a full single publicity of CHF 606 million for this…
© Reuters. ZURICH – Julius Baer Group (OTC:) Ltd., the Swiss non-public banking group, is setting apart provisions for potential credit score losses following a major publicity to a European conglomerate’s business actual property and luxurious retail belongings. The financial institution confirmed that it had allotted CHF 70 million in loan-loss provisions after assessing the…
© Reuters. ZURICH – Swiss personal banking group Julius Baer has introduced the sale of its subsidiary Kairos, an Italian funding administration agency, to Anima Holding. The deal, valued between €20 million and €25 million ($21.7 million and $27.1 million), is a strategic transfer to realign Julius Baer’s core enterprise focus and improve its providers…
