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PKB-owned bank is negotiating a merger

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Cassa Lombarda is working on a merger deal with fellow Italian private bank Ersel, Citywire Italy can reveal. Cassa Lombarda is 99.5% owned by PKB Private Bank, which is headquartered in Lugano. The deal is at the due diligence stage, Citywire understands, and it is not yet clear whether it…

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