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EFG completes integration of BSI’s Swiss business, begins rebranding

EFG International has completed the legal integration of BSI’s Swiss business and has begun rebranding the combined unit, according to a statement by the bank. In February last year, EFG signed a deal to acquire BSI for CHF1.3 billion in cash and shares. The purchase price later fell to CHF1.06 billion largely because of negative net new money differences at…

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