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Vontobel CEO caps private banking M&A deals at $20 bln in assets

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Swiss bank Vontobel is open to making acquisitions in private banking but is unlikely to pursue a deal involving assets of more than 20 billion Swiss francs ($20.3 billion), Chief Executive Zeno Staub told Reuters on Tuesday. "Probably 20 billion, private wealth," Staub said, when asked what would be the…

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