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The Economic Times
The Economic Times
Business

Julius Baer net new money beats expectations, but de-risking clouds outlook

ZURICH, - Julius Baer said on Tuesday net new money for the first six months of the ‌year reached 5.7 ⁠billion Swiss ⁠francs ($7.04 billion), beating expectations after a slow startwhile warning that de-risking efforts would continue to weigh on growth.

Shares in the Swiss bank were down more than 4% in early trading.

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