Julius Baer Hit by $157mn Loan Loss in Latest Blow to Turnaround Efforts

The new bear CEO Stefan Bollinger goes through. Due to lazy real estate loans, the private bank deducts a further CHF 130 million. Julius Bär expects a worse result for the first half of the year than in the previous year.

Julius Baer hit by $157mn loan loss in latest blow to turnaround efforts

Swiss lender’s chief risk officer Oliver Bartholet to ‘retire’ at the end of the year after series of scandals

Julius Baer Faces $156 Million Loan Loss Charge

Julius Baer Group Ltd. is facing another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by its exposure to Rene Benko’s Signa real estate empire.

Julius Baer Faces Major Setback in Ambitious Turnaround Efforts

read the original version on: www.retailnews.asia Julius Baer, the distinguished Swiss private bank, is facing new challenges as it grapples with additional loan losses and the departure of its Chief Risk Officer. Just as it seemed the wealth manager was on a recovery path, Julius Baer encountered another setback. The firm had originally scheduled to report its business performance for the […] The post Julius Baer Faces Major Setback in Ambitiou…

In 2024, Julius Baer's managing director had to resign because of the loans granted to the former billionaire René BenkoThe bad news is accumulating again at Julius Baer. The private bank is faced with significant depreciations in its lending activities to its wealthy customers and certain mortgage-related positions.The Zurich company had to register a correction of value of 130 million francs, according to a press release published Tuesday even…

The Swiss private bank lost more than 4% on the stock exchange after the announcement related to an ongoing review of its loan portfolio. At the same time, its outstanding assets under management are down 6% compared to the end of last year.