Swiss pure-play, Union Bancaire Privée (UBP), has purchased Lloyds’ international private banking business in a deal worth approximately £100 million (US$151 million). Subject to regulatory approval, UBP will acquire Lloyd’s private banking branches based in Geneva, Zurich, Monaco, and Gibraltar, as well as the British bank’s representative office in Montevideo. Lloyds said in a statement that the businesses to be…
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