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Top related persons:
Julius Baer - 4 Julius Baer's - 3 — - 2 Long - 2 – - 2 Philipp Rickenbacher - 1 Romeo Lacher - 1 Rickenbacher - 1
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Swiss Zurich Switzerland Singapore Shanghai Hong Kong London New York
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Julius Baer Group - 4 Austrian - 2 CNBC - 2 Swiss - 2 Service - 2 Privacy - 2 Singapore - 2 Signa - 1

Search resuls for: "Julius Baer Group"


4 mentions found


☆ Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
  + stars: | 2024-02-01 | by ( Jenni Reid | ) www.cnbc.com   time to read: +3 min
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Group Chair Romeo Lacher said he and the board "deeply regret" net credit losses of 606 million Swiss francs ($701 million), well above consensus expectations, which include a loan loss allowance of 586 million francs. Julius Baer in November announced its exposure to the struggling Austrian company, which has been hit by the higher interest rate environment. It further said Thursday it would exit its private debt businesses, winding down its remaining private debt book of 800 million million Swiss francs, 2% of its total loan book. The bank reported net profit attributable to shareholders of 454 million Swiss francs for the full-year 2023, down 52%, with earnings per share of 2.21 francs.
Persons: Julius Baer, Philipp Rickenbacher, Romeo Lacher, Rickenbacher, Nic Dreckmann, Anke Reingen Organizations: Julius Baer Group, Signa, Austrian, CNBC, Swiss, RBC Locations: Zurich, Switzerland, Swiss
☆ What one Swiss bank's troubles can tell us about market vulnerabilities — and social media
  + stars: | 2023-11-30 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client. The 606 million Swiss franc exposure to one client — via three loans to different entities within a European conglomerate — is collateralized by commercial real estate and luxury retail, the company revealed. The bank last week booked provisions of 70 million Swiss francs to cover the risk of a single borrower in its private loan book. The European Central Bank recently examined the commercial real estate sector and the provisioning methods and capital buffers of European banks.
Persons: Julius Baer, Signa, Julius Baer's CET1, DBRS Morningstar, Vitaline Yeterian, Elisabeth Rudman, Julius Baer's Organizations: Julius Baer Group, Austrian, DBRS, CNBC, European Central Bank, Swiss Locations: Zurich, Switzerland, Swiss
☆ Singapore is the most expensive city for a life of luxury, according to a new ranking. 2 US cities make the top 10.
  + stars: | 2023-07-02 | by ( Grace Dean | ) www.businessinsider.com   time to read: +2 min
Singapore is the most expensive city for living in luxury, per a report by the Julius Baer Group. Rent, house prices, school fees, taxes on cars, and living expenses are all high in the city-state. Singapore pushed Shanghai off the podium, marking the first time the Asian city-state topped the ranking. By the end of 2022, Singapore had an estimated 1,500 family offices – twice the number of the previous year. Here is Julius Baer's ranking of the 10 most expensive cities for "living well":
Persons: Julius Baer, —, Long, –, Julius Baer's Organizations: Julius Baer Group, Service, Privacy, Singapore Locations: Singapore, Shanghai, Hong Kong, London, New York, Swiss
☆ These are the most expensive cities if you want to live in luxury, according a Swiss private bank
  + stars: | 2023-06-20 | by ( Grace Dean | ) www.businessinsider.com   time to read: +2 min
Singapore is the most expensive city for living in luxury, per a report by the Julius Baer Group. Rent, house prices, school fees, taxes on cars, and living expenses are all high in the city-state. The Swiss private bank released its 2023 Global Wealth and Lifestyle Report on Tuesday. By the end of 2022, Singapore had an estimated 1,500 family offices – twice the number of the previous year. Here is Julius Baer's ranking of the 10 most expensive cities for "living well":
Persons: Julius Baer, —, Long, –, Julius Baer's Organizations: Julius Baer Group, Service, Privacy, Singapore Locations: Singapore, Shanghai, Hong Kong, London, New York, Swiss
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