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Credit Suisse Group AG Buys Morgan Stanley's European Private Bank-Reuters


Wednesday, 27 Mar 2013 03:22am EDT 

Reuters reported that Credit Suisse Group AG would buy Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, with total assets under management of $13 billion. Details of the deal were not disclosed. It said it expected to complete the purchase later this year. The acquisition does not include any Swiss activities.