Driven by a surge in trading on volatile markets by its wealthy clients, Julius Baer, the Swiss private bank, enjoyed a handsome 2020. Profits increased by 50 per cent, allowing the finance house to raise dividends by 17 per cent. For Switzerland’s third-largest bank, volatility was extremely beneficial. Now, could the bank be set to benefit from the volatility engulfing Davy? The Irish stockbroker is set to be put up for sale following a damning Central Bank investigation into a bond scandal, and the Swiss bank has emerged as a potential suitor. Julius Baer, also known as Julius Bär, already…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.