Wealth and Asset Management
Julius Baer faces credit losses from insolvent Degag Group, report says
Swiss private bank Julius Baer is facing significant credit losses after financing real estate projects linked to Germany's now-insolvent Degag Group, the Handelsblatt newspaper reported on Monday. The bank has filed claims for 48 million euros ($55.74 million), which exceeds its 2023 profit in Germany, the paper said, citing a…
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Click here to read the full story: Reuters