|Bid||44.50 x 103000|
|Ask||45.00 x 337400|
|Day's Range||44.32 - 45.24|
|52 Week Range||44.32 - 65.40|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.76|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.64|
Futures tumbled 3 percent in New York on Thursday. Investors eyed a sixth day of U.S. equity losses along with heightened volatility. “The enhanced volatility in the market in general is spilling over into energy, as investors are reducing risk,” said Rob Thummel, managing director at Tortoise, which manages $16 billion in energy-related assets.
The Supreme Court voted 3-2 to reject the arguments of Zurich prosecutors who had appealed the acquittal of Rudolf Elmer in 2016. Breaking bank secrecy is considered a criminal matter in Switzerland, but the court ruled that the Cayman unit Elmer ran shouldn’t be considered a Swiss bank.
Strong economic growth will encourage the Fed to keep raising interest rates, even if the tightening sucks out more liquidity than financial markets can tolerate, said Yves Bonzon, chief investment officer at Julius Baer. Bonzon says that the interplay between economic data and the share prices of the FANG stocks -- a loose grouping variously consisting of Facebook Inc., Apple Inc., Amazon.com Inc., Microsoft Corp., Netflix Inc., and Google parent Alphabet Inc. -- is his favored way to gauge whether liquidity conditions pose a risk to the broader market.
Swiss private bank Julius Baer (BAER.S) is benefiting from steady growth of wealth creation in Britain and its bet that Brexit is not a long-term threat to its business, the firm's UK chief executive said. Baer, which manages assets of 388 billion Swiss francs ($390.50 billion) globally, has added more UK clients this year than in the past two combined as rival fund firms grapple with preparing for Brexit, David Durlacher, Julius Baer International's CEO, told Reuters.
Quinn Emmanuel Urquhart & Sullivan LLP, the bank’s outside counsel in the U.S., is leading the review, three people with knowledge of the matter said, asking not to be identified because it’s confidential. One of the people said Krull has privately conveyed to the bank that he didn’t use Julius Baer accounts to launder Petroleos de Venezuela S.A. money. Oscar Rodriguez, Krull’s lawyer in Miami, declined to comment as did a spokesman for Julius Baer.
Julius Baer has turned to a U.S. law firm to help scour the accounts of convicted banker Matthias Krull, who pleaded guilty in August to helping launder $1.2 billion from Venezuela’s state-owned oil producer, according to people familiar with the move. Quinn Emmanuel Urquhart & Sullivan LLP, the bank’s outside counsel in the U.S., is leading the review, three people with knowledge of the matter said, asking not to be identified because it’s confidential. One of the people said Krull has privately conveyed to the bank that he didn’t use Julius Baer accounts to launder Petroleos de Venezuela S.A. money.
Switzerland’s diminishing band of mid-sized private banks should consider teaming up with other firms to expand in Asia and tap into the business of managing the wealth of the region’s millionaires, according to the chairman of the Swiss banking association. Since the global financial crisis and the end of banking secrecy, smaller Swiss wealth managers have faced heightened competition and swelling regulatory costs, making it tougher for them to spend money on forays overseas, Herbert J. Scheidt said in an interview in Singapore.
Locked up in a jail cell at the height of a humid Florida summer, former Julius Baer banker Matthias Krull didn’t take long to crack and plead guilty to money-laundering charges. Managers must document every person equally, whether a dentist in suburban Zurich or an ultra-rich entrepreneur in the Americas, one person said.
Mark Matthews, head of Asia research at Bank Julius Baer, discusses the current state of China's markets and where he sees them heading amid the trade war. He speaks on "Bloomberg Daybreak: China ...
Earnings from retailer H&M that encouraged investors and a plan by Austria’s Lenzing to halt its US expansion for now were the corporate highlights on Thursday.
Nomura Holdings Inc. agreed to buy 40 percent of Julius Baer Group Ltd.’s unit that targets wealthy individuals in Japan as part of a strategic partnership. Nomura will invest 7 million francs ($7 million) in the unit, which will be called Julius Baer Nomura Wealth Management once the deal has been completed. As part of the agreement, Julius Baer will offer discretionary mandates to Nomura’s ultra-rich Japanese clients.
ZURICH (Reuters) - Japan's Nomura has bought a minority stake in Swiss private bank Julius Baer's (BAER.S) Japanese outfit, joining up Baer's wealth management services with the Japanese broker's high-net-worth ...
Yves Bonzon, chief investment officer at Julius Baer, discusses emerging markets, bond yields, and his outlook for the U.S. dollar. He speaks exclusively on "Bloomberg Markets: European Open." ...
One of the most difficult industry to value is capital markets, given that they adhere to different rules compared to other companies. For example, capital market businesses are required toRead More...
The offices of Julius Baer Group Ltd. in Leeds are just down the hall from a travel agency, overlooking train platforms. This isn’t exactly the place where you’d expect to find a 128-year-old Swiss bank that caters to the ultra-rich. Baer wants to increase its assets under management in the U.K. and Ireland by 43 percent to about 20 billion pounds ($26 billion) by 2020.
Julius Baer Group Ltd. has started an investigation after the arrest of an ex-employee who has since admitted to participating in a billion-dollar scheme to launder money bilked from Venezuela’s state oil company. The private bank is not being charged, Chief Executive Officer Bernhard Hodler said in Zurich on Thursday, declining to comment further. Authorities in the U.S. and Switzerland are probing how billions of dollars were embezzled from PDVSA, as the oil company is known.
A former Julius Baer Group Ltd. wealth manager admitted to participating in a billion-dollar scheme to launder money embezzled from Venezuela’s state-owned oil company, less than a month after he was arrested for his alleged role in the plot. Matthias Krull, 44, a German citizen and resident of Panama, pleaded guilty on Wednesday to one count of conspiracy to commit money laundering, federal prosecutors in Miami said in a statement. Krull was arrested in July and charged with using real estate in Florida and fake investment schemes to conceal $1.2 billion in funds that were embezzled from PDVSA.
Credit Suisse Group AG hired private banker Heinz Puth and three others from Swiss rival Julius Baer Group Ltd. to boost its Singapore team focusing on wealthy Indonesians, according to a person familiar with the matter. Puth and the former Julius Baer relationship managers will report to Johanes Oeni, who heads Credit Suisse’s private banking market group for Indonesia, said the person, who declined to be identified as the information is private. Managing Indonesian wealth has been a traditional focus of Singapore’s private banks, though in recent years they have also seen a big uptick in business from rich Chinese.
A private banker who until last month was one of Julius Baer Group Ltd.’s wealth managers for Venezuela has been arrested for his alleged role in a billion-dollar scheme to launder funds from the nation’s state oil company PDVSA. Matthias Krull, a German citizen, was charged for his alleged role in using Florida real estate and false-investment schemes to launder money stolen from PDVSA, the U.S. Justice Department said on Wednesday. Authorities in the U.S. and Switzerland are probing how billions of dollars were embezzled from PDVSA, or Petroleos de Venezuela SA as it is formally known.
Sep.27 -- Mark Matthews, head of Asia research at Bank Julius Baer, discusses the current state of China's markets and where he sees them heading amid the trade war. He speaks on "Bloomberg Daybreak: China Open."
Jul.23 -- Julius Baer Group Ltd. Chief Executive Officer Bernhard Hodler talks with Manus Cranny on "Bloomberg Daybreak: Europe" as Switzerland’s third-largest wealth manager stepped up hiring in the first half and added 10 billion francs ($10.1 billion) of net new money.