European and Swiss regulators say yes to private bank merger

Mark Battersby
clock • 2 min read

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 in a statement on 31 May. The partnership enables Milan-based Fideuram - ISPB to stre...

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