Credit Suisse and Julius Baer have held informal merger talks
Credit Suisse and Julius Baer, the Swiss banking groups, have held informal merger talks, Sonntagszeitung reported.
The Swiss weekly said several independent sources from both banks confirmed informal talks have been held at a senior level. Official negotiations have not taken place but the situation will be reassessed when Julius Baer resolves its tax issues with the US authorities, the report continued, citing an unnamed insider.
Another Swiss bank, Vontobel, is also considered to be a takeover candidate, the report noted.
Source Sonntagszeitung