UPDATE 1-Julius Baer to buy Bank Leumi private bank business in Luxembourg, Switzerland
July 21, 2014 at 02:18 AM EDT
ZURICH, July 21 (Reuters) - Zurich-based private bank Julius Baer said on Monday that it will buy the private banking activities of Bank Leumi in Luxembourg and Switzerland, in a deal which will cost up to 70 million Swiss francs ($78 million).
