Swiss news outlet Inside Paradeplatz reported on speculation that Julius Baer is considering acquiring EFG International for 4.5 billion Swiss francs ($5 billion)
U.S. stocks notched another round of all-time highs, but a look beneath the record-setting streak shows cracks are starting to form in some of the consumer stocks.
Proceeds from this expected stock sale will be used for working capital and general corporate purposes, as well as for acquisitions and to pay down debt.
The trade deficit surged by almost 9% in April to a one-and-a half year high because of an increase in imports, a sign that a steadily growing U.S. economy still has plenty of demand.