Baer’s €600 Million Loans to Signa Draw Regulator’s Scrutiny (1)

Julius Baer Group Ltd.’s exposure to the crumbling empire of Rene Benko is being monitored by Swiss regulator Finma, according to two people familiar with the matter.

The wealth manager has about €600 million ($656 million) in outstanding loans to the Austrian real estate tycoon, the people said, asking for anonymity to discuss the confidential details. The exposure was the main reason why the Swiss firm set aside 70 million francs ($79 million) for souring debt in the first weeks of November.

Finma is the latest European regulator known to be monitoring banks with exposure to Benko and his ...