February 03, 2015 BY Andrew Saks-McLeod
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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