UBS is reportedly one of the frontrunners to buy Caisse Centrale de Réescompte, the €18bn ($24bn) French asset management unit of Germany's Commerzbank.

Wealth-Bulletin.com, an online news service, reports the Swiss bank is among at least three bidders circling Caisse Centrale de Réescompte, which has a Paris-based private wealth management unit called CCR Chevrillon with around €800 million of assets under management.

UBS in line to buy €18bn French asset manager

Dominic Elliott

Commerzbank

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