M&A
Swiss private banks dominate takeovers in Luxembourg
EU access key for Swiss banks as costs, regulation drive consolidation in private banking
Swiss banks have dominated acquisitions in private banking in Luxembourg this year, snapping up local branches in a bid to boost their presence within the European Union.
A string of private banking mergers and acquisitions in the Grand Duchy took place in 2018 as higher costs and regulatory requirements lead to consolidation in the sector.
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