Exposure

Julius Baer hit by Signa exposure, announces CEO exit and job cuts

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A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images Swiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group Signa Holding, as it announced CEO Philipp Rickenbacher … Read more

48,000 Costco Mattresses Recalled by FXI for Risk of Mold Exposure

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Novaform has recalled two kinds of its mattresses sold exclusively at Costco, following reports of mold growing on the beds. According to a notice posted by the US Consumer Product Safety Commission, the Novaform mattresses “could have been exposed to water during the manufacturing process allowing mold to develop and posing a health risk to … Read more