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.
Julius Baer CEO’s First Strategy Moves Marred by Benko Hangover
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 Bank Watchdog Steps Up Signa Action Against Julius Bär
( MENAFN - Swissinfo) Swiss financial regulator Finma said it had opened an enforcement procedure against Julius Bär, stepping up action against the bank over risk failures linked to the collapse of the Signa Real estate empire.
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 banking giant Julius Baer to lay-off nearly 400 employees
Swiss banking giant Julius Baer has announced plans to cut its workforce by around 5%. The layoff is as part of a cost-saving strategy launched by the new CEO, Stefan Bollinger. The decision comes after the bank suffered significant financial losses due to its involvement with the now-defunct property group Signa.
Swiss Private Bank Julius Bär Cuts 400 Jobs Despite Profit Boost
The bank's profits climbed by 125% to CHF1.02 billion in the 2024 financial year. This follows a poor 2023 when Julius Bär reported a halving of profit due to write-downs of CHF606 million on loans to the insolvent Signa Group of Austrian investor René Benko.
Julius Baer’s new CEO culls board jobs, signals more job cuts on the way
Julius Baer had reportedly discussed reducing its workforce by 10% or less. The bank had about 7,400 employees at the end of 2023.
Julius Baer Shares Fall After Hundreds of Job Cuts Envisioned In Savings Push
The wealth manager’s shares fell after it said it envisions cutting around 400 positions, extending its cost-saving program.
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 ...
Julius Baer stock has worst day in a decade as results disappoint
Swiss bank Julius Baer shares plunged on Monday after new Chief Executive Stefan Bollinger's plans to cut its workforce by ...