IDB Bank and Lido Advisors to form joint venture.

IDB Bank, an American multinational private bank, and Lido Advisors, a wealth advisory firm, agreed to form joint venture. Financial terms were not disclosed. "We are excited to partner with Lido Advisors, who share our ‘It’s Personal’ DNA and are as passionate about serving clients as we are. This is an exceptional opportunity to complement our leading banking solutions with a suite of superior wealth management products and services as we further develop the value proposition we offer our clients," Ziv Biron, IDB President and CEO.