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Market Turmoil Hits EFG Revenue as Wealthy Cut Back on Trading
EFG International AG, the Swiss private bank controlled by billionaire Spiro Latsis, said revenue fell in the first quarter as clients cut back on investing amid global market turmoil. The shares fell. New money from clients was “disappointing,” the Zurich-based company, which is seeking to buy Grupo BTG Pactual’s BSI…
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Click here to read the full story: Bloomberg