Credit Suisse triples stake in wealth firm.
Global Banking News - 26 November 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Switzerland-based Credit Suisse (NYSE: CS) has tripled its stake in a Swiss wealth management firm, Helvetica Wealth Management Partners.
The bank has more than tripled its stake in Helvetica Wealth Management Partners after buying shares from a Qatari consortium that includes the state's ruling family. The bank now has a 35 per cent stake compared to the previous 10 per cent.
Financial details of the deal were not made available.
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|Publication:||Global Banking News (GBN)|
|Date:||Nov 26, 2009|
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