Credit Suisse sells Clariden Leu Europe to Falcon private bank
FRANKFURT, Oct 4 (Reuters) - Swiss private bank Falcon said on Thursday it will buy boutique bank Clariden Leu Europe from Credit Suisse for an undisclosed price.
Nearly one year ago, Zurich-based Credit Suisse began to integrate independently-run Clariden Leu, marking an end to a 250-year-old brand.
Clariden Leu suffered 3.4 billion Swiss francs ($3.63 billion)in second-quarter outflows, though Credit Suisse said at the time assets had stabilised after ebbing to a low of 200 million francs in June.
($1 = 0.9378 Swiss francs)
(Reporting by Catherine Bosley)
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