Julius Baer won't get in bidding war for RBS unit

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Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.

Coutts Continues Middle East Expansion

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Coutts, the international private banking and wealth management firm headquartered in London, has held the official opening of its new premises in the Dubai International Financial Centre (DIFC).