Julius Baer to buy Merrill Lynch private bank

Zurich : Switzerland | Aug 13, 2012 at 2:51 AM PDT

Source: International Business Times

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Swiss private bank Julius Baer said on Monday it will acquire Bank of America Merrill Lynch 's private bank outside the U.S. for 1.47 billion Swiss francs ($1.5 billion), bumping up its assets by 40 percent. Baer, which is Switzerland's third-biggest listed private bank, said the deal would be accretive... FULL ARTICLE AT International Business Times

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Julius Baer noted that some clients were relocating their assets

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Julius Baer noted that some ...

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Julius Baer noted that some clients were relocating their assets