Acquision of Morgan Stanley’s European wealth management by Credit Suisse.

The article is about the Credit Suisse buys Morgan Stanley’s European wealth management arm. Credit Suisse has struck a deal to acquire the wealth management businesses of Morgan Stanley in Europe, the Middle East and Africa , it has emerged. The major European bank announced this morning that an agreement has been reached with its US counterpart over these divisions of its company – excluding its operations in Switzerland which collectively hold assets worth over $13 billion.

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Credit Suisse buys Morgan Stanley’s European wealth management arm