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Julius Baer Group

European Shares Flat

European shares were broadly unchanged by midday on Thursday as mixed company earnings halted the index's march back towards five-year highs.Belgian telecoms operator Mobistar slumped 27.9 percent, having cut its revenue and profit forecasts for this year and suspended its dividend after a price war caused earnings to tumble in the second quarter.Telecoms were down 0.5 percent.Elsewhere there was more upbeat news, with Swiss private bank Julius Baer adding 5.6 percent after first-half profits beat estimates.Dutch healthcare, lighting and consumer appliances group Philips climbed 3.9 percent after reporting strong second-quarter results.Swiss lender UBS added 3.4 percent after another earnings beat."Certainly from core Europe and the German-centric perspective things are starting to look better, but the really upbeat part of that earnings story is probably running ahead of itself," Investec economist Victoria Clarke said."The risk is the macro backdrop doesn't come through quite as stro...

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  1. MUFG To Buy Out JV With Bank of America Merrill Lynch

    Mitsubishi UFJ Financial Group Inc. (8603.TO) said Thursday it has agreed to buy out Bank of America Merrill Lynch's share of a private-banking joint venture operate...

  2. Julius Baer 10-Month Assets Under Management Rise 10%

    Swiss private bank Julius Baer Group AG (BAER.VX) Wednesday reported a 10% annual increase in assets under management by the end of October, due to new net money inf...

  3. UBS May Cut Thousands of IT Jobs, Says Report

    UBS AG (UBS) is planning further cost cutting measures which could threaten thousands of jobs worldwide, particularly in its information technology operation, the Ta...

  4. UBS Plans More Cost Cuts; Thousands Of IT Jobs May Go -Report

    UBS AG (UBS) is planning further cost cutting measures which could threaten thousands of jobs worldwide, particularly in its information technology operation, the Ta...

  5. Julius Baer to cut 1,000 jobs after Merrill deal

    Swiss private bank Julius Baer will cut up to around 1,000 jobs as it seeks to rein in costs following its purchase of Bank of America Merrill Lynch's international ...

  6. Julius Baer to cut 1,000 jobs after takeover

    Swiss private bank Julius Baer will cut up to around 1,000 jobs as a result of its purchase of part of Bank of America Merrill Lynch's wealth management business.Bae...

  7. Julius Baer set to cut up to 1,000 jobs after takeover

    Swiss private bank Julius Baer will cut up to around 1,000 jobs as a result of its purchase of part of Bank of America Merrill Lynch's wealth management business.Bae...

  8. Probe into Julius Baer Data Theft Started

    Swiss prosecutors Thursday said they opened an investigation into the theft of data from Swiss bank Julius Baer that German authorities allegedly bought amid a drive...

  9. Swiss Prosecutors Start Probe into Data Theft at Julius Baer

    Swiss prosecutors Thursday said they have started an investigation into the theft of bank data at Swiss bank Julius Baer Gruppe AG (BAER.VX) that was allegedly bough...

  10. Julius Baer Buys Merrill Lynch's Non-U.S. Wealth Business for $882M

    Swiss private bank Julius Baer is buying Bank of America's (NYSE:BAC) international Merrill Lynch wealth management business for 860 million Swiss francs ($882 milli...

  11. Julius Baer Buys Merrill Unit, Sets Rights Issue

    Julius Baer Holding AG (BAER.VX) on Monday said it will acquire Merrill Lynch's wealth-management business based outside the U.S. and Japan from Bank of America Corp...

  12. Julius Baer CEO: Buy Of Wealth Unit May Positively Affect US Tax Talks

    Talks with U.S. authorities to settle allegations that Julius Baer Group AG (BAER.VX) helped Americans evade taxes won't be directly affected by the purchase of Merr...

  1. Switzerland orders Julius Baer to hand over U.S. client data

    The Swiss government has ordered local bank Julius Baer to hand over data on U.S. clients that will be passed on to U.S. tax authorities, amid signs a long-running t...

  2. Julius Baer Asked for Data on U.S. Clients

    Julius Baer Group AG (BAER.VX) Tuesday said it has received a request from U.S. authorities for information about American clients, a development that comes as the t...

  3. Acquisition Bolsters Julius Baer Results

    Julius Baer Group AG (BAER.VX) said Wednesday that assets under management rose 16% from the end of 2012 but cautioned investors that growth in new funds is being pr...

  4. Swiss Bank Confirms U.S. Probe

    NPB Neue Privat Bank AG, a private asset manager catering to wealthy clients, confirmed Monday it is being investigated by the U.S. Justice Department as part of an ...

  5. More cost cuts key for European banks as growth hopes stall

    Europe's banks are under pressure to show how they plan to step up cost-cutting and shrinkage when they announce first quarter results in forthcoming weeks, as the s...

  6. Credit Suisse to Buy Morgan Stanley's Private Bank in Europe

    Credit Suisse Group AG (CS) said Wednesday it will buy a Morgan Stanley wealth management unit for an undisclosed sum, a move that comes as Swiss banks continue refi...

  7. Merrill spurs Bank of America revenue though broker count falls

    Buried within the mixed quarterly earnings report from Bank of America Corp Thursday was strong news about its global wealth and investment management division, comp...

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