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Article: MOODY'S CHANGES OUTLOOK ON BANK JULIUS BAER'S RATINGS TO NEGATIVE
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- October 11, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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October 11, 2009Moody's Investors Service has today changed the
outlook on the B- bank financial strength rating (BFSR) and Aa3 debt
and deposit rating of Bank Julius Baer AG (BJB) from stable to
negative. The negative outlook reflects Moody's view that the Swiss
private banking sector will continue to face a challenging
environment, characterised by:(i) continued market uncertainty and
de-leveraging, motivating clients toseek safer, less complex and
hence lower fee-generating products, thereby exerting pressure on
margins; (ii) greater client scrutiny of clientadvisors, limiting
their pricing power; and (iii) increasinginternational regulatory
pressure on the Swiss offshore wealth ...
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Article: In Brief: Julius Baer in Joint Venture To Start ...
American Banker;
December 2, 2002 ;
600 words
...Julius Baer Holding Ltd. has announced an agreement ... establish a private banking group in Italy. Julius Baer and the Italian banking group Credito ... to set up a jointly owned company, Julius Baer Creval Private Banking SpA. The private ...
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