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Private bank Julius Bär says it is in talks to buy Bank of America’s wealth management business for non-U.S. clients.
The unit of Merrill Lynch is reportedly worth as much as $2 billion, managing about $90 billion in client assets.
Julius Bär said talks were in early stages and the outcome is still open.
It missed out on a previous big buy last year when it attempted to buy a majority in Swiss bank Sarasin.
That went to Brazilian-Swiss bank Safra for 1.1 billion dollars.