FINMA closed its case against Julius Baer after the bank was found to have significantly violated supervisory rules. Despite the regulatory issue, Julius Baer offered a share repurchase program, and its stock price rose.
Julius Baer maintains a bearish outlook on crude oil (Brent), predicting further price declines despite significant recent corrections. The firm references the ‘ketchup effect’ as justification for continued downward pressure on oil prices.
Julius Baer, the Swiss wealth and asset management firm, has updated its market outlook on oil, adopting a bearish strategy by taking short positions in Brent crude oil in anticipation of an imminent price collapse.