Exclusive: Regulatory concerns stopped Julius Baer, EFG takeover talks, sources say

Swiss regulatory concerns scuppered talks between private banks Julius Baer (BAER.S), and EFG International (EFGN.S), over a potential tie-up worth some 15 billion Swiss francs ($17 billion), two sources with knowledge of the matter told Reuters. The two banks held talks in early 2024 and reached an agreement in principle, the sources said on Tuesday, speaking on condition of […]