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Swiss Regulator Ends Proceedings Against Julius Baer

Key Points

Julius Baer has applied for permission to restart share buybacks after Swiss regulator Finma concluded its enforcement procedure against the wealth manager, removing a long-standing overhang that has weighed on the stock. Juilius Baer came under scrutiny following steep losses from dealings with Austrian property tycoon Rene Benko. Bloomberg's Tom Metcalf explains.

Julius Baer has applied for permission to restart share buybacks after Swiss regulator Finma concluded its enforcement procedure against the wealth manager, removing a long-standing overhang that has weighed on the stock. Juilius Baer came under scrutiny following steep losses from dealings with Austrian property tycoon Rene Benko. Bloomberg's Tom Metcalf explains. (Source: Bloomberg)
Swiss Regulator Ends Proceedings (ORG) Julius Baer Julius Baer (PERSON) Swiss (ORG) Finma (ORG) Juilius Baer (PERSON) Austrian (ORG) Rene Benko (PERSON) Bloomberg (ORG) Tom Metcalf (PERSON)
Originally published by Bloomberg Markets Read original →