Baer CEO Says Outcome of Bank of America Talks Open, NZZ Reports

Julius Baer Group Ltd. Chief Executive Officer Boris Collardi said the outcome of talks with Bank of America Corp. about acquiring its Merrill Lynch wealth-management business outside the U.S. is still open, NZZ am Sonntag reported, citing an interview.

Julius Baer is interested in the acquisition because of the unit’s strong presence in Asia and Latin America, Collardi said, according to the newspaper. The bank is also interested in bigger acquisitions in Switzerland, Collardi said.

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