European and Swiss regulators say yes to private bank merger

clock • 2 min read
European and Swiss regulators say yes to private bank merger

The European and Swiss financial regulatory bodies, ECB and FINMA, have approved the private banking and wealth management partnership between Fideuram - Intesa Sanpaolo Private Banking, the private banking division of the Intesa Sanpaolo Group, and REYL & Cie, a diversified banking group headquartered in Geneva. The legal merger of REYL & Cie and ISPBM is expected to be finalised by the end of 2021 after which the parties will release a new logo combining their respective brands, REYL & Cie revealed...

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