Pursuits
Credit Suisse Sells Italy Business Catering to Affluent
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Credit Suisse Group AG sold its wealth management business in Italy catering to the affluent to Banca Generali SpA, as it focuses on richer clients.
Banca Generali, based in Trieste, agreed to pay as much as 50 million euros ($68.2 million) for the business, which has more than 2 billion euros in assets under management, the companies said in a statement today.