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Vontobel H1 profit drops 21% in tough markets

ZURICH, July 28 (Reuters) - First-half net profit at Swiss wealth and asset management group Vontobel VONN.S fell by a fifth as market ructions prompted a small net outflow of client funds, it said on Thursday. Group net profit slumped 21% to 151.4 million Swiss francs ($158 million), while operating income fell 12%. Net new money slipped 0.8%. Return on equity retreated to 14.6% from 18.7% in the first half of 2021, but beat the target of at least 14%.
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Swiss bank Julius Baer hit by market downturn during first half of year

* Bank to accelerate 'cost discipline' in H2 * CEO rules out immediate lay-offs * Assets under management shrink as global markets fall * Net new money down, but situation improving - CEO (Rewrites, adding CEO, background) By John Revill ZURICH, July 25 (Reuters) - Swiss wealth manager Julius Baer BAER.S will freeze hiring for non relationship manager positions after higher costs and lower client activity triggered a 26% drop in first half earnings.
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Swiss bank Julius Baer reports 26% drop in first half profit

ZURICH, July 25 (Reuters) - Julius Baer BAER.S reported on Monday a 26% drop in shareholders' profit for the first half of 2022, kicking off a week of reporting for Switzerland's big banks. Net profit attributable to shareholders fell to 451 million Swiss francs ($468.28 million) from 606 million Swiss francs a year earlier, missing analyst forecasts for 477 million francs according to Refinifiv data.
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Julius Baer settles Lithuanian-linked case for 105 mln eur

ZURICH, July 1 (Reuters) - Julius Baer BAER.S has settled a case filed to a Geneva court in relation a Lithuanian corporation for 105 million euros ($109.79 million), the Swiss wealth manager said on Friday. "(The claim) related to the alleged use of the financial system for the embezzlement of assets at a Lithuanian corporation by two of its executives – matters dating back more than ten years," Julius Baer said in a statement.
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Julius Baer Gruppe Executes Capital Reduction

June 27 (Reuters) - JULIUS BAER GRUPPE AG BAER.S : * JULIUS BAER GROUP LTD.: EXECUTION OF CAPITAL REDUCTION * EFFECTIVE 27 JUNE 2022, CAPITAL REDUCTION AS RESOLVED BY ANNUAL GENERAL MEETING OF JULIUS BAER GROUP LTD. ON 12 APRIL 2022 WAS EXECUTED BY CANCELLATION OF 7,423,208 JULIUS BAER REGISTERED SHARES, BOUGHT BACK UNTIL 23 DECEMBER 2021 UNDER SHARE BUYBACK PROGRAMME LAUNCHED IN 2021 * REGISTERED SHARE CAPITAL OF JULIUS BAER GROUP LTD.
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