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Julius Baer Issues Profit Warning
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Julius Baer Issues Profit Warning
Swiss private bank Julius Baer has crossed the half-trillion mark in assets and strengthened its capital ratios, yet the bank’s latest update shows that cleaning up past lending missteps continues to weigh on profitability and investor confidence. Zurich-based Julius Baer reported a record 520 billion francs in assets under management (AUM) by the end of October, powered by 11.7 billion francs in net new money (NNM) and buoyant equity markets. T…
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