Julius Baer, a Swiss wealth manager, has 606 million francs in exposure to a troubled European group, primarily related to a single client who has taken about $687 million in loans. The group is likely Signa, an embattled Austrian retail and property empire facing insolvency. Casino, a French grocer, has received offers to sell hypermarkets and supermarkets as it pushes ahead with restructuring. UBS's chairman, Colm Kelleher, is considering potential successors to CEO Sergio Ermotti and warns of a forming bubble in private credit.
⚠️ JULIUS BAER SHARES SLIDE ANOTHER 5% ON SIGNA WORRIES Full Story → https://t.co/HxTF1p0oKT Wealth manager Julius Baer's shares slumped another 5% on Tuesday, bringing its total decline since the start of last week to more than 20%, on fears over its exposure to struggling… https://t.co/xey3F3KhwA
Julius Baer will likely end up making provisions for about half of its exposure to troubled Signa, according to Swiss private bank Vontobel https://t.co/eR1FWKQiyk
Julius Baer will likely end up making provisions for about half of its exposure to troubled Signa, according to Swiss private bank Vontobel https://t.co/fhokWMXoY8
UBS'S chairman Colm Kelleher is looking at creating a shortlist of potential candidates to succeed current CEO Sergio Ermotti in coming years https://t.co/S5A5SFOFuO
UBS chairman says Swiss financial regulator needs more teeth https://t.co/OzDLHfyxLC https://t.co/K7VShu3Jzz
UBS Chair Kelleher Warns Bubble Is Forming in Private Credit https://t.co/oyL07ACq1w
UBS chairman says Swiss financial regulator needs more teeth https://t.co/uoiryicNTA https://t.co/4KtRdDWi1A
Austrian property tycoon Rene Benko transfers a stake in Signa to Swiss investor in a sign of maneuvering around the embattled group as it holds last-ditch talks to secure emergency funding https://t.co/Rimjrb7Z95
Austrian property tycoon Rene Benko transfers a stake in Signa to Swiss investor in a sign of maneuvering around the embattled group as it holds last-ditch talks to secure emergency funding https://t.co/sFuNeeXmpW
“There is a lot of life in him, but he is not as young as some people”: UBS chair Colm Kelleher on plans to line up a shortlist of successors to CEO Sergio Ermotti within the next “couple of years". Rpt by @OwenWalker0 @sjhmorris at the FT Banking Summit https://t.co/Xzt84Q1nth
UBS stock will be totally revalued in five years’ time if the integration of Credit Suisse is handled successfully, though 2024 will be a challenging year, Chairman Colm Kelleher says https://t.co/CJHCZOvMrk
UBS Chairman says Swiss financial regulator needs more teeth https://t.co/oftJK3JDah https://t.co/CMUadeh0iV
Struggling European property group Signa held rescue talks with Elliott https://t.co/ctJuIfY9eV
Breakingviews - Julius Baer’s damage control only goes so far https://t.co/mQ0GzubiJY https://t.co/mQ0GzubiJY
Breakingviews - Julius Baer’s damage control only goes so far https://t.co/d5DoCMcIFo https://t.co/d5DoCMcIFo
Signa likely to make further insolvency filings - source https://t.co/hT5MYOc6T1 https://t.co/hKQsVEBx77
From Breakingviews - Julius Baer’s damage control only goes so far https://t.co/o7UMfZMZrm https://t.co/o7UMfZMZrm
Austrian mogul Rene Benko’s €23 billion ($25 billion) retail and property empire Signa is on the cusp of a wave of insolvencies as doubts grow that last-ditch efforts to secure emergency funding will succeed https://t.co/EasWsEJeeD
Austrian mogul Rene Benko’s €23 billion ($25 billion) retail and property empire Signa is on the cusp of a wave of insolvencies as doubts grow that last-ditch efforts to secure emergency funding will succeed https://t.co/7nlo6HV49p
Austrian mogul Rene Benko’s €23 billion ($25 billion) retail and property empire Signa is on the cusp of a wave of insolvencies as doubts grow that last-ditch efforts to secure emergency funding will succeed https://t.co/eCdfYdovpa
Casino confirms it received offers to sell hypermarkets, supermarkets https://t.co/tUZGDv9yBF https://t.co/sGUloHjqjw
Signa likely to make further insolvency filings - source https://t.co/o41fUfobYi https://t.co/Zc5sAdf10p
Baer says exposure to single group tops 600 mln francs, as Signa crisis deepens https://t.co/NO7vi4r7cl https://t.co/osyc8Qnsge
Signa likely to make further insolvency filings - source https://t.co/r457FTlaM2 https://t.co/m6DjaD6KpW
Casino receives preliminary expressions of interest for some of its hypermarkets and supermarkets as the ailing French grocer pushes ahead with its restructuring https://t.co/itmXNsxxFa
Casino receives preliminary expressions of interest for some of its hypermarkets and supermarkets as the ailing French grocer pushes ahead with its restructuring https://t.co/fhVwko2PNf
Julius Baer to review private debt business https://t.co/UQXjoQPoeS
Julius Baer confirms that the loan-loss provisions it booked in early November are primarily related to a single client who has taken about $687 million in loans from the wealth manager https://t.co/cva6jM14I6 via @markets @myriamBalez #Switzerland
Casino confirms it received offers to sell hypermarkets, supermarkets https://t.co/F1bQKn0dC6 https://t.co/VDiPlfZYx9
Julius Baer confirms that the loan-loss provisions it booked in early November are primarily related to a single client who has taken about $687 million in loans from the wealth manager https://t.co/ayozfezkiG
Julius Baer confirms that the loan-loss provisions it booked in early November are primarily related to a single client who has taken about $687 million in loans from the wealth manager https://t.co/5baLFxhSXg
Casino confirms it received offers to sell hypermarkets, supermarkets https://t.co/EihdlTJtQD https://t.co/qS7iCBbali
Julius Baer has 606 million francs in exposure to a European group https://t.co/pz89bHXLup https://t.co/aq0umnIywu
Julius Baer has 606 million francs in exposure to a European group https://t.co/BBORqNPqBq https://t.co/wbhe1qP0KX