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Who will buy BSI?

Even as media reports continue to suggest that Italy’s biggest insurer, Generali, has mandated JP Morgan to sell its private bank –BSI- the industry is grappling with a more pertinent question – who will buy BSI? The list of usual (well-capitalised) suspects – UBS, Credit Suisse, Julius Baer, is looking unlikely. The first because it would have no interest, the…

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