Safra Sarasin, a prominent Swiss private bank managing over 200 billion francs in client assets, is reportedly planning to acquire Saxo Bank, which has over 100 billion euros in assets. This move follows the failure of Safra’s digital banking initiative, prompting a search for a robust solution in Saxo’s established trading platform. If successful, Safra aims to expand Saxo’s operations first in Europe and then globally.
about Safra Plans Acquisition of Saxo Bank Amid Digital Banking Challenges