Credit Suisse takeover report sees Julius Baer shares surge

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'It would be a good fit'.

Julius Baer, Switzerland’s third-largest wealth manager, jumped to the highest in almost four months following a report it may be acquired by Credit Suisse.

Bloomberg reports that Inside Paradeplatz, a Swiss finance blog, said today Credit Suisse might be considering a takeover of Julius Baer, without citing anyone.

'It would be a good fit for Credit Suisse', Jonas Floriani, a London-based analyst at Keefe, Bruyette & Woods. He has a market perform rating on Julius Baer shares. 'They would be acquiring some assets that are doing well, expanding in Asia and consolidating in Germany and Switzerland'.

Credit Suisse has been under pressure to focus more on managing money for the wealthy and reduce its exposure to investment banking.

Hit the link below to access the complete Bloomberg article:

Julius Baer Surges on Report of Takeover by Credit Suisse

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