Switzerland : Vontobel Acquires Commerzbank Schweiz Unit in Switzerland.Byline: babalu03 Vontobel Holding AG said today that it has agreed to acquire Commerzbank This article is about the bank headquartered in Frankfurt, Germany. For other uses, see Commerce Bank. Commerzbank AG (ISIN: DE0008032004, DAX: B>CBK) is the second-largest bank in Germany (after Deutsche Bank) and headquartered in Frankfurt am Main. AG s Swiss unit to strengthen its market presence in Switzerland Switzerland (swĭt`sərlənd), Fr. Suisse, Ger. Schweiz, Ital. Svizzera, officially Swiss Confederation, federal republic (2005 est. pop. 7,489,000), 15,941 sq mi (41,287 sq km), central Europe. and broaden its international client base. Vontobel in its e-mailed statement didn t disclose a purchase price though it said Commerzbank Schweiz AG unit s assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. were about 4.5 billion Swiss francs Noun 1. Swiss franc - the basic unit of money in Switzerland franc - the basic monetary unit in many countries; equal to 100 centimes centime - a fractional monetary unit of several countries: France and Algeria and Belgium and Burkina Faso and Burundi and ($4.1 billion). Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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