Wealth and Asset Management
Big international private banking inks M&A deal
Generali has agreed to sell Swiss private bank BSI to Brazil's BTG Pactual for 1.5 billion Swiss francs ($1.7 billion) in cash and stock, offloading an unprofitable non-core unit and boosting its financial strength. For BTG Pactual, the sale means an expansion of its wealth management business by adding a…
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Click here to read the full story: Reuters