Swiss Regulator Ends Proceedings Against Julius Baer
Swiss regulator Finma has concluded its enforcement proceedings against Julius Baer. The wealth manager is now seeking permission to resume share buybacks following the resolution of the case.
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)
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