Market Overview

Julius Baer To Lower 1,000 Jobs

Share:

Swiss bank Julius Baer (OTC: JBAXY) announced its plans to lower up to about 1,000 jobs.

The bank will cut the combined staff of about 5,700 by 15%-18%. Baer's assets under management climbed to 184 billion Swiss francs ($197.11 billion) at the end of August, versus 179 billion at the end of June.

Julius Baer shares closed at $6.93 yesterday.

 

Related Articles (JBAXY)

View Comments and Join the Discussion!

Posted-In: Job cutsNews

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com