Latest Julius Baer News

  • Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
    Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
    Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law. Major international banks like Credit Suisse and HSBC are reportedly scrutinizing their Hong Kong clients amid the ongoing protests over China-backed national security law. According to a July 19 report by Reuters, global banks including Credit Suisse, HSBC, Julius Baer, and UBS are now screening their clients in Hong Kong on potential ties to the city’s pro-democracy movement. Social media spies Citing a group of anonymous people familiar with the matter, the report says that the banks are scanning clients’ records for political and government ties in order to impose additional diligence requirements.
  • Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
    Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
    Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients. Top five Swiss bank Julius Baer Group, which manages $427 billion in assets, announced on July 20 that its profit increased by $524 million in the last two quarters.