Stronger Swiss Franc begins to hurt Swiss Banks, Julius Baer lays off 200

Due to the rising value of the franc, Switzerland’s Julius Baer may consider reducing its payroll by 200, however profits are continually increasing, and the firm may capitalize by looking to conduct a deal similar to that of its acquisition of Merrill Lynch’s wealth management division, in that publicly listed companies that report their performance in other currencies than francs are of interest

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