Tag Archives: Financial services

Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business

GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Chairman Romeo Lacher expressed “regret” during a presentation Thursday on the bank’s 2023 results, saying management had not …

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