Julius Baer Announces 723 Million Dollar Buyback
Swiss private bank Julius Baer plans to launch a share buyback program of up to 600 million Swiss francs in the coming weeks. The program aims for completion within one year following recent regulatory enforcement proceedings.
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JULIUS BAER GROUP LTD launched a share buyback program of up to 600 million Swiss francs ($723 million) on Friday morning. The repurchase plan follows the conclusion of enforcement proceedings by Switzerland regulator FINMA against the private bank. Investors are assessing capital return plans as the institution prepares to deploy funds over the coming year.
