Swiss Life May Buy Stake in Swissquote, Handelszeitung Says

Swiss Life Holding AG (SLHN) is considering buying a minority stake in internet bank Swissquote Group Holding AG, Handelszeitung reported, citing unidentified people familiar with the matter.

The newspaper commented in a preview of an article to be published tomorrow.

Swissquote said on June 14 that it will act as custodian bank for Swiss Life’s banking clients. About 20,000 accounts will be transferred to Swissquote.

To contact the reporter on this story: Carolyn Bandel in Zurich at cbandel@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.