Julius Baer boss speaks out on C Suisse rumours

Mouth Julia Freeman Woolpert

Julius Baer has not held talks with larger rival Credit Suisse about merging, the Swiss private bank's chief executive said in comments made in the weekly Schweiz am Sonntag.

'There have been no such talks', Boris Collardi, head of Julius Baer, was quoted as saying when asked whether the two banks had discussed a tie-up.

Reuters reports that talk in Swiss banking circles has long linked Credit Suisse to Julius Baer, which with $296bn in assets is the fourth-largest private bank in Switzerland behind UBS, Credit Suisse and Pictet & Cie.

To access the complete Reuters article hit the link below:

Julius Baer CEO says has not held deal talks with Credit Suisse - paper

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