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Swiss Life May Buy Stake in Swissquote, Handelszeitung Says

Swiss Life Holding AG 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.

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