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Julius Baer to Buy Merrill Lynch Private Bank, Bank of America Receives 3.2% Stake
Monday, August 13, 2012 - 8:47am | 526Read More...Swiss private bank Julius Baer Group is set to acquire Merrill Lynch's International Wealth Management business for $860 million Swiss francs, or $882 million dollars, according to Reuters. Baer claims it will increase assets currently under management by 40 percent. Bank of America (NYSE: BAC),...
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Credit Suisse's Decline Results in the Loss of 1,500 Jobs
Tuesday, November 1, 2011 - 8:59am | 533Read More...The line at the unemployment office is about to get a bit longer. Credit Suisse (NYSE: CS), one of the many multinational financial services companies, has apparently incurred a loss during the third quarter despite a 12% increase in net income. Consequently, the company is responding by cutting...
