News In Brief
Julius Baer profits down by a quarter
Swiss bank Julius Baer revealed that net profits were down 25% from last year to Sfr338 billion ($290 billion), while assets under management slumped by a third to Sfr275 billion.
In the banking arm, new money inflows totalled Sfr22 billion out of a total of Sfr159 billion. However, this represented a fall of 18% from 2007, which was attributed to the generally negative market and the strong appreciation of the Swiss franc.
Bank Julius Baer did experience an
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