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Julius Baer in talks with Santander over Venezuela business: sources

Reuters  |  ZURICH 

ZURICH (Reuters) - Swiss private bank Julius Baer is in talks about transferring its Venezuelan book of business to Spain's Banco Santander as Baer reorganises operations in Latin America, sources close to the situation have told Reuters.Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina.A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer's Venezuelan book of business were under way but had not yet been ...

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First Published: Sat, December 08 2018. 20:41 IST
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