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Heard on the Street: Julius Baer makes US$1 billion bid for BSI

As we simmer through yet another sultry summer, things are getting particularly heated in the private banking industry. Bank Julius Baer, which is already conducting exclusive due diligence on Bank of America Merrill Lynch’s wealth management franchise, has made a billion dollar bid for Italian insurance giant Generali’s wealth management franchise – BSI. JP Morgan is advising Generali on the…

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