Julius Baer CEO, Philipp Rickenbacher, is set to step down due to the bank's entanglement in the collapse of the Signa property empire, resulting in a $700 million loss. The Swiss wealth manager will exit its private debt business after writing down all loans to bankrupt Signa companies.
A $700-million writedown may have just been a lucky escape for #Switzerland's Julius Baer, @PaulJDavies explains https://t.co/u7Yu86rxHQ via @opinion
Inside wealth manager Julius Baer's failed gamble on Signa's real estate empire https://t.co/YRWjS6DR2n via @markets @StevenArons @myriamBalez @LibbyCherry98 #Switzerland
"Julius Baer Group said its chief executive officer will step down after it reported major losses related to its exposure to Austria’s Signa Group." https://t.co/ZS6awjxduk
Inside wealth manager Julius Baer's failed gamble on Signa's real estate empire https://t.co/iGo1E1EarO
A $700-million writedown may have just been a lucky escape for Switzerland's Julius Baer, @PaulJDavies explains https://t.co/a70WJTdYtY via @opinion
Breakingviews - Julius Baer pops myth of private bank prudence https://t.co/jdDJblx9fM https://t.co/jdDJblx9fM
A $700-million writedown may have just been a lucky escape for Switzerland's Julius Baer, @PaulJDavies explains https://t.co/rTaVi35xDp
A $700-million writedown may have just been a lucky escape for Switzerland's Julius Baer, @PaulJSDavies explains https://t.co/RWfrjyM42Z
From Breakingviews - Breakingviews - Julius Baer pops myth of private bank prudence https://t.co/J35oPIbmi5 https://t.co/J35oPIbmi5
Julius Baer pops myth of private bank prudence - https://t.co/wISuRe8467 - @LJucca https://t.co/4qZ3rzUFGG
Swiss banking is having another facepalm moment, but this at least is no existential event. Big questions remain but Julius #Baer's $700m property loss in some ways may be a lucky escape https://t.co/WczGPGPQtp via @opinion https://t.co/HMpmJuBZ20
Julius Baer CEO exits bank over losses on private loans to bankrupt property firm Signa https://t.co/Ah8HmqkpLr
Top wealth manager Julius Baer caught in property write-off storm as CEO steps down https://t.co/g4o6KfQ24J
Julius Baer CEO steps down in wake of Signa exposure https://t.co/drzTYIOVEL
Julius Baer CEO steps down; bank exits private debt business https://t.co/CQvJnwAaV3 https://t.co/cfmU0UslLz
⚠️ JULIUS BAER CEO STEPS DOWN AFTER $678 MILLION SIGNA LINKED LOSS (Reuters) Julius Baer CEO Philipp Rickenbacher will leave the bank, the Swiss wealth manager said on Thursday, as it reported net credit losses of 586 million Swiss francs ($679 million) linked to its exposure… https://t.co/Mes7RHdfTy
Julius Baer says it will exit its private debt business after writing down all of its loans to the bankrupt Signa companies https://t.co/pWJAp5Na7Y
Julius Baer chief executive and board member to leave over Signa exposure https://t.co/jU9c4vygst
Julius Baer CEO Rickenbacher set to leave the Swiss bank -source https://t.co/SNOMZlR9ae https://t.co/LvuQvjizhV
Julius Baer CEO Philipp Rickenbacher is leaving the firm over its outsized exposure to collapsed real estate firm Signa, sources say https://t.co/Jsb3e0GcyG
CEO OF SWITZERLAND’S SECOND LARGEST BANK JULIUS BAER TO MYSTERIOUS STEP DOWN IMMEDIATELY
Julius Baer AG Chief Executive Officer Philipp Rickenbacher is leaving the post over the firm’s outsized exposure to collapsed real estate firm Signa
JUST IN : CEO OF SWITZERLAND’S SECOND LARGEST BANK JULIUS BAER TO MYSTERIOUS STEP DOWN IMMEDIATELY $BAER
Julius Baer CEO Rickenbacher set to step down - source https://t.co/bsXNoGYaIQ https://t.co/eAycYKDMfz
Switzerland's Julius Baer explores leadership change - Bloomberg News https://t.co/iFH65ES6do https://t.co/SGcu82VcbZ
⚠️ JULIUS BAER CEO RICKENBACHER SET TO STEP DOWN - SOURCE (Reuters) Julius Baer chief executive Philipp Rickenbacher is set to step down, a source with knowledge of the matter said on Wednesday, as the Swiss wealth manager deals with the fallout from its exposure to collapsed… https://t.co/Qw8OTDp2zs
Julius Baer is discussing replacing members of its senior leadership team including Chief Executive Officer Philipp Rickenbacher, sources say, as a result of the bank’s entanglement in the collapse of the Signa property empire https://t.co/BXmNzVubzw
SMS threatens to make Ursula dangerous from the Leyen A gigantic billion deal for Corona vaccine von Biontech / Pfizer has a legal aftermath for EU Commission President Ursula von der Leyen in the 2024 European elections. From the Leyen could be forced by the Supreme European… https://t.co/a4iOX2S6hd
Julius Baer may write off around 400 million Swiss francs related to its exposure to bankrupt property mogul Rene Benko’s Signa empire https://t.co/Dmjg6NpKl3 via @business @bbenrath @myriamBalez #Switzerland