Head of the Swiss bank Julius Baer stumbles over Causa Signa – bankruptcies

2024-02-01 09:50:26

Julius Baer is replacing its CEO in connection with bad loans to the struggling Austrian real estate group Signa. Philipp Rickenbacher is resigning with immediate effect, the Swiss institute confirmed on Thursday reports from the previous day. Until a permanent successor is found, his deputy Nic Dreckmann will take over the helm.

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