Publicly-listed Swiss banks get ready to “eat or be eaten”

30 July 2012 | 2 minutes read

As yet another publicly-listed Swiss bank announces it is looking to make acquisitions in the private banking/asset management space, it becomes clear Switzerland’s wealth managers are using reserve capital to build size and rebuff unsolicited suitors. Chief executive Zeno Staub at Swiss bank Vontobel told analysts on Friday that he planned to use his war chest of CHF600 million (US$615…

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