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Falcon Private Bank spreads its wings: agrees to acquire Clariden Leu Europe from Credit Suisse

Soon after the news of Julius Baer buying Merrill Lynch’s wealth management business outside America and Japan, Falcon Private Bank has agreed to acquire Clariden Leu Europe, a wholly owned subsidiary of Credit Suisse Group. The purchase price for the transaction is not disclosed. Subject to legal and regulatory approvals, the closing is expected in the first quarter of 2013…

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