Banca dello Stato del Cantone Ticino (BancaStato) has emerged as a prospective buyer of BTG Pactual's BSI, which the troubled Ticino bank bought last year for $1.3bn; these reports suggest that Julius Baer will not be bidding. BancaStato said it was making a non-binding offer for BSI, together with two other parties.
Banca dello Stato del Cantone Ticino (BancaStato) has emerged as a prospective buyer of BTG Pactual's BSI, which the troubled Brazilian bank bought last year for $1.3bn; these reports suggest that Julius Baer will not be bidding. BancaStato said it was making a non-binding offer for BSI, together with two other parties.