Schweiz: Finanzmarktaufsicht beendet Verfahren gegen Julius Bär – Aktie legt kräftig zu
Julius Bär hat laut Finma schwerwiegend gegen aufsichtsrechtliche Bestimmungen verstoßen. Die Zürcher Bank stellt den Investoren nun ein Aktienrückkaufprogramm in Aussicht.
In Zürich, the Swiss financial watchdog Finma has concluded its investigation into Julius Bär, paving the way for the bank to resume share buybacks. Finma disclosed on Tuesday that Julius Bär had allegedly violated supervisory rules, particularly in risk management and anti-money laundering efforts. The bank confirmed the investigation's closure and announced its submission of a share buyback application to Finma.
As a result, Julius Bär's shares surged by approximately eight percent. The inquiry focused on loans extended to a European concern, as well as connections with two politically sensitive Russian individuals. This marks the fifth case initiated by Finma against Julius Bär within a span of less than ten years. The bank was previously a major lender to the collapsed Tyrolean investor Rene Benko's real estate group, requiring a write-down of 586 million Swiss francs three years ago.
The scandal led to the departure of several senior executives from the institution. In early 2025, former Goldman-Sachs manager Stefan Bollinger took over as CEO, revamping key positions, issuing additional loans, and distancing himself from financial advisors who underperformed or failed to deliver sufficient service to clients.
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