CEO: Julius Baer does not expect additional major losses after $156 million writedown
"While the review is ongoing, based on our findings to date, we do not expect to uncover additional material idiosyncratic risks that could lead to significant credit losses," Bollinger said. The 130 million francs in credit losses were across the remainder of the private debt book that the bank wound down ahead of plan and certain positions in the market book which it was reviewing, said CFO Evie Kostakis.
Reuters
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1 hour ago
