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(04:50 GMT) *Julius Baer: Request Regarding Share Buyback Program Has Been Submitted to FINMA (04:51 GMT) *Julius Baer: Pursuing the Implementation of Its Revised Risk and Compliance Framework (04:52 GMT) *FINMA: Concluded an Enforcement Proceeding Against Julius Baer (04:52 GMT) *FINMA: Launched P…
Julius Baer: Pursuing the Implementation of Its Revised Risk and Compliance Framework
The Swiss bank said FINMA has concluded a consolidated enforcement procedure covering a major credit event in its former private debt business and legacy AML matters. Julius Baer also said a request for its share buy-back programme is pending final FINMA approval.