Analysts said a takeover might make financial sense but strategically it is a tough sell, pointing to risks around integration, asset attrition and cultural differences. — Reuters
ZURICH: Swiss regulatory concerns scuppered talks between private banks Julius Baer and EFG International over a potential tie-up worth some 15 billion Swiss francs (US$17bil), say two sources with knowledge of the matter.
The two banks held talks in early 2024 and reached an agreement in principle, the sources said on Tuesday, speaking on condition of anonymity because of the sensitivity of the matter.
