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Swiss bank Julius Baer to cut workforce by 5% in shake-up under new CEO
By Ariane Luthi ZURICH (Reuters) -Swiss bank Julius Baer plans to cut its workforce by about 5% under new chief executive Stefan Bollinger and is reducing the size of its executive board as it reorganises after heavy losses from exposure to failed property group Signa.
Swiss watchdog starts enforcement action against Julius Baer
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.
Swiss Watchdog Steps Up Action Against Julius Baer on Benko
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 real estate empire.
Swiss Regulator Opens Proceedings Against Julius Baer
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 real estate empire.
3h
on MSN
Bankrupt Signa Seeks €370 Million From Sale of Vienna Park Hyatt
Administrators of bankrupt Signa Prime Selection AG are preparing to launch the sale of the Vienna Park Hyatt and adjoining ...
7h
Julius Baer CEO’s First Strategy Moves Marred by Benko Hangover
Julius Baer Group Ltd. last month brought in Stefan Bollinger to draw a line under painful losses caused by loans to a ...
7d
Julius Baer chairman to leave as Signa reckoning widens
The chairman of Julius Baer, Romeo Lacher, is to step down, the Swiss bank said on Monday as it continued a shake-up of ...
7h
Signa-Nachspiel: Gegen Julius Bär läuft Enforcement-Verfahren
Im Nachgang der Belastungen, die Julius Bär im Zuge der Signa-Pleite zu schultern hatte, steht die Bank nun im Fokus eines ...
Bisnow
11d
Real Estate Mogul, Former Chrysler Building Co-Owner Arrested Amid Fraud Investigation
René Benko's Signa Holding once held a 50% stake in New York City's iconic Chrysler Building and a 40% stake in the UK's ...
11d
Austria arrests property tycoon Benko, suspected of trying to hide assets
The founder of fallen Austrian property group Signa, Rene Benko, has been arrested on suspicion of falsifying a receipt and ...
6d
Alta Signa expands capacity panel with Westfield Specialty International
The partnership adds a further €5m ($5.04m) in D&O capacity and €5m in FI capacity to Alta Signa's existing panel.
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