Julius Bär Gruppe AG (BAERN.MX)
- Investing.com
Special market? Asia’s willingness to pay is boosting gold – Julius Baer
Investing.com – Gold continues to shine. Surpassing records in May, gold remains a highlight in the commodities market, with demand dominated by Asia. In the last three months, gold futures for June delivery have risen around $300, moving from the $2,052 mark to the current $2,360. On Tuesday, futures were up 1.10% at $2,360 per ounce, while spot gold gained 0.32% at $2,357.
- Reuters
Julius Baer considering potential takeover of Swiss rival EFG, Bloomberg News reports
Swiss private bank EFG International has a market valuation of more than $4 billion, according to LSEG data. Julius Baer and EFG International declined to comment on the report. A deal between the two Swiss banks could create a wealth manager with more than 500 billion Swiss francs ($547.11 billion) in assets under management, according to the Bloomberg report.
- Reuters
Julius Baer suffered IT crash last week
Julius Baer suffered an outage that prevented customers and bankers from accessing its systems on Feb. 16, but quickly restored full service, the Swiss bank said on Friday in response to a report by Bloomberg. “Julius Baer confirms a temporary outage of IT systems on late Friday afternoon on Feb. 16 due to a technical connectivity issue," the bank said on Friday.
