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Bank Sarasin adds US$ 4.87 billion in new assets, shuns non-compliant clients

Bank Sarasin has added CHF 3.9 billion (US$4.87 billion) in new assets under management in the year to date bringing assets under management to CHF 101.6 billion (US$126.87 billion) for the bank, according to half-yearly results published by it. Although private banks continue to face margin pressures because of higher wages and higher compliance costs, operating revenues at Bank Sarasin…

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