Swiss bank Julius Baer eyes Bank of America unit
Tuesday - 6/19/2012, 3:49am ET
GENEVA (AP) - Swiss private bank Julius Baer Group says it is in talks to buy Bank of America's non-U.S. wealth management business.
Julius Baer said in a brief statement Tuesday that "given the early stage of these discussions, the outcome is entirely open."
The unit, which is part of Bank of America's Merrill Lynch subsidiary, manages some $90 billion for wealthy customers outside the United States.
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