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How Julius Baer significantly increased profits despite Credit Suisse turmoil

In the first half of 2023, Julius Baer Group Ltd. witnessed a significant increase in profits, thanks to an unexpected influx of client funds amidst the turmoil surrounding local competitor Credit Suisse.

The bank reported a rise of 18% in net income for the period, reaching 532 million Swiss francs ($614 million), according to a statement released on Monday. Photo: Getty Images

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