The new owner of BAML's ex-U.S. private banking operations, Julius Baer announces the...

|About: Julius Baer Group Ltd. (JBARF)|By:, SA News Editor

The new owner of BAML's ex-U.S. private banking operations, Julius Baer announces the elimination of 15-18% of the unit's 5.7K workforce. Layoffs are expected to begin after the deal closes next year.