Julius Baer will buy ING‘s private bank in Switzerland, the two have said (Reuters has long been reporting that Baer was the frontrunner to seal the deal).
The battle for Dutch retailer Super de Boer heats up, with Ahold now showing interest to buy 30 to 50 of its supermarkets. For these and other stories about deals, click here.
And two deal stories in other media:
Citigroup is working on a sale of its commodities unit Phibro in a move that could raise hundreds of millions of dollars, according to the Financial Times.
HSBC would be forced to delay raising its dividend if new capital rules are applied too heavily or too quickly, The Times reports the bank’s head of investment banking as saying.