Julius Baer Probed by Regulator Finma Over Signa Risk Lapses

Switzerland’s financial regulator is investigating Julius Baer Group Ltd over inadequate risk-control structures that contributed to the bank’s exposure to bankrupt property mogul Rene Benko. The investigation, which began before Benko’s Signa real estate empire began to unravel, was prompted by concerns that Baer’s business and control functions aren’t sufficiently…