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Julius Baer's H1 profit falls 35% on loan provisions

Swiss bank Julius Baer posted a first-half profit of 295 million francs ($370m), down 35% year-on-year, pressured by loan loss provisions and a charge related to the sale of its Brazilian wealth management unit.

Business • 22 Jul

Credit Suisse's collapse has the potential to be a major accelerator for Julius Baer over the next two to three years, analysts say

Julius Baer reports 18% half year net profit rise

Swiss private bank Julius Baer has today reported an 18% increase in net profit for the first half of 2023 as it said it also increased its assets under management and attracted more money from rich clients.

Business • 24 Jul 23

Julius Baer competes with UBS and Credit Suisse in managing the investments of the wealthy and ultra-wealthy

Julius Baer sees modest money inflows after slow start

Julius Baer has today reported a modest rise in assets under management and money inflows in the first four months of this year, in what the Swiss bank called a challenging period for wealth managers.

Business • 23 May 23

Julius Baer CEO eyes gains from Credit Suisse's fall

Julius Baer is having "constructive discussions" with Credit Suisse staff who are looking to leave following their bank's takeover by UBS, the Swiss private bank's chief executive said today.

Business • 03 Apr 23

The Zurich-based wealth manager in February reported a 55% rise in 2021 net profit

Julius Baer sets more ambitious targets for 2025

Julius Baer has today confirmed its 2022 targets and presented new, more ambitious mid-term targets after assets under management fell 5% year-to-date at the end of April, the Swiss wealth manager said.

Business • 19 May 22

Credit Suisse is the second biggest bank in Switzerland

Credit Suisse faces money laundering charges in trial

Credit Suisse will face charges in a Swiss court today of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.

Business • 07 Feb 22

Julius Baer reports a 23.4% rise in half-year net profit to 606 million Swiss francs

Julius Baer boosts H1 net profit by 23%

Julius Baer has today posted a 23.4% rise in half-year net profit to 606 million Swiss francs ($657.9m), as strong markets and continued client inflows helped the Zurich-based wealth manager grow business.

Business • 21 Jul 21

The Swiss bank said it expected to launch a 450 million franc share buyback from March

Julius Baer posts 50% full year profit rise

Julius Baer has today posted a 50% rise in 2020 net profit, as booming markets and strong client trading more than offset a goodwill blow from ailing Italian subsidiary Kairos.

Business • 01 Feb 21

The bank has been was ordered to improve its anti-money laundering procedures and change how it recruited and managed client advisors

Julius Baer punished for money laundering failures

Switzerland's financial industry watchdog FINMA has launched enforcement proceedings against a senior manager at Julius Baer and reprimanded two others over the private bank's failure to prevent money laundering.

Business • 21 Jan 21

The Swiss private bank has reported a 19% rise in adjusted net profit for the first half of 2018

Julius Baer profit rises but seeing market caution

Julius Baer today highlighted increasingly cautious market conditions amid rising trade tensions, as the Swiss private bank reported a 19% rise in adjusted net profit for the first half of 2018.

Business • 23 Jul 18

Julius Baer was among around a dozen Swiss banks placed under criminal investigation by the US Justice Department

Julius Baer says deal done with US on tax case

Swiss private bank Julius Baer said it had finalised an agreement with US authorities, paying $547m to end a criminal investigation into claims that it helped rich Americans dodge taxes.

Business • 05 Feb 16

The bank is Switzerland's third largest listed bank

Julius Baer earmarks $200m to resolve US tax case

Julius Baer has reached an agreement in principle with US authorities to settle an investigation into allegations it helped wealthy American clients evade taxes.

Business • 30 Dec 15

FIFA has come under increased scrutiny after Swiss and US authorities announced separate investigations

Swiss bank Julius Baer opens probe into FIFA

Swiss bank Julius Baer has said it has opened an internal investigation in connection with FIFA amid a corruption scandal surrounding soccer's governing body.

Business • 17 Jun 15

Swiss private bank Julius Baer has been hit by the recent surge in the franc

Julius Baer to cut 200 jobs in cost savings drive

Swiss bank Julius Baer plans to cut around 100 million Swiss francs ($107m) of costs, including about 200 jobs, due to the recent surge in the Swiss currency.

Business • 02 Feb 15

Julius Baer