Julius Baer says FINMA concludes enforcement probe into legacy credit, AML issues
Bitget2026/09/29 04:46- FINMA concluded its consolidated enforcement procedure tied to a major credit event in the former private debt business and legacy AML issues.
- Additional CET1 capital add-on cut to CHF 250 million from CHF 500 million, implying a de facto minimum CET1 ratio of 9.4%.
- Reported CET1 capital ratio stood at 18.5% at end-June 2026, underscoring capital headroom versus the updated requirement.
- A request to proceed with the share buy-back program was submitted to FINMA, pending final regulatory clearance.
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Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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