Blue-blood bank is going private

THE blue-blooded family behind the Swiss bank Edmond de Rothschild plans to take it private in a £74m deal.

The Benjamin de Rothschild family intends to buy out other shareholders for 7pc more than the company was worth before the deal was announced.

The Rothschild family’s Swiss branch was created by Baron Edmond de Rothschild in 1953 after his parents fled to Switzerland during the Second World War. It has more than £129bn of assets.