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CBH Compagnie Bancaire Helvétique to buy FIBI int'l wealth mgmt biz

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CBH Compagnie Bancaire Helvétique to buy FIBI int'l wealth mgmt biz

CBH Compagnie Bancaire Helvétique SA said Dec. 20 that it will acquire the international wealth management business of F.I.B.I. Holdings Ltd.-owned FIBI Bank (Switzerland) Ltd.

The deal is set to be finalized in the first quarter of 2017. CBH's Tier 1 capital ratio will remain above 22% after completion.