{
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banking turmoil as banque havilland seeks buyers after license withdrawal

The ECB's banking supervisory authority revoked Banque Havilland's license in Luxembourg, prompting the search for buyers for its subsidiaries in Monaco and Vaduz/Zurich. Andbank backed out of acquiring the Monaco unit after due diligence, while a consortium of private individuals, including industry heavyweight Martin Gilbert, is set to take over, pending regulatory approval. In Vaduz, EFG International appears to be the frontrunner for an asset deal following the self-liquidation of the Liechtenstein subsidiary.
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Euro Aberdeen AIR Ltd. Revolut Ltd. Sigma VP Bank AG Andbank 24K Gold Sicav FUND EFG International AG Glencore plc MCO LUX LIE CHE AND Martin Gilbert Harley Rowland Show more
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09:00 26.09.2024
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