Julius Baer Gruppe AG (SIX:BAER) faces a FINMA probe over losses tied to collapsed Signa that bars new buybacks, even as the bank prepares to ease client restrictions from the Benko remediation as that cleanup nears completion.
Previous Week Recap
- Julius Baer Under FINMA Probe: Julius Baer (BAER) is under FINMA enforcement over losses from collapsed Austrian property group Signa; FINMA has banned new share buybacks until the probe concludes, timing uncertain.
- Baer Eases Client Bans: Julius Baer (BAER) will ease client bans tied to the Benko matter as remediation nears completion, adjusting restrictions previously imposed during the cleanup.
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