Reported about 13 hours ago
Julius Baer's CEO, Stefan Bollinger, stated that the bank does not anticipate any further significant credit losses following a $156 million write-down revealed during a credit portfolio review. He expressed confidence that no additional idiosyncratic risks would emerge that could lead to more notable losses. The write-down primarily concerned the private debt and mortgage books, as explained by CFO Evie Kostakis.
Source: YAHOO