Julius Baer: Announces CHF 600M Share Buyback And Revised Capital Distribution Policy
Buyback Expected To Complete Within One Year Via Second Trading Line On SIX Swiss Exchange - Targets 15% CET1 Ratio And Dividend Payout Of 40% 60% Of IFRS Net Profit
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05:11:04 AM UTC
SquawkNews
Julius Baer BX:JGE on Friday announced a share buyback program of up to 600 million Swiss francs ($723 million), days after Swiss regulator FINMA concluded enforcement proceedings against the Swiss private bank.The share buyback program is expected to launch in the coming weeks and be completed wit…