Category: Julius
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Swiss private bank Julius Baer H1 profit drops 15% By Reuters
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ZURICH (Reuters) – Swiss private bank Julius Baer reported a 15 percent drop in profit in the first half of 2024 on Thursday, a turbulent period that saw its chief executive step down in the wake of the multi-million dollar Cigna debacle. The Zurich-based bank said adjusted net profit fell…
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Swiss bank Julius Baer names Goldman Sachs executive as new CEO By Reuters
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By John Revell ZURICH (Reuters) – Julius Baer said on Tuesday it had appointed Goldman Sachs partner Stefan Bollinger as its new chief executive, as the Swiss private bank looks to move on from the Signa debacle that cost it millions of dollars and damaged its reputation. The appointment ends…
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Julius Baer like further upside in Japanese equities
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Japan’s broad Topix index of stocks hit a record high on Thursday, finally surpassing its highest level since December 1989. Comments from an analyst at Swiss private bank Julius Baer, in its summary, point to further upside ahead, citing the following: Corporate Reforms Currency and Flows Salary increases Earnings Review…
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BoJ’s announcement will weaken the yen – Julius Baer By Investing.com
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Investing.com – Following the Japanese monetary authority’s decision to keep interest rates at 0.10%, having previously abandoned ultra-loose policy with negative interest rates, the perception with bond buying ending later than expected is that the yen will weaken, Julius Baer noted. In a note on Friday. Expectations indicate that the…