swiss banks

Investing in friendships

December 3, 2013

Fortunes are made in recessions, so the saying goes. But they are cemented at the start of a recovery.

Fortunes are made in recessions, so the saying goes. But they are cemented at the start of a recovery. That’s now, most people agree, which means that now is the time to start creating the long-term relationships to ensure that you make the most of the good years that are on the horizon.

Switzerland's banks to lose billions on tax crackdown

November 30, 2011

A new study by consulting firm Booz & Co says that wealth managers in Switzerland could lose as much as €41 billion as a result of a tax crackdowns by the UK and German governments.

Based on interviews with senior wealth management experts in Switzerland, the report also said that private banks will also lose around €1 billion in revenues as clients with offshore assets start withdrawing their money.

But some reckon that the tax treaties signed with the UK and Germany will benefit the Swiss financial sector in the long run.

Fighting their corner

January 1, 2006

The family-owned private bank is almost dead, or that’s what we would believe if we looked at last year’s results of Swiss banking titans, UBS and Credit Suisse. Who has avoided the acquisition net and how are they remaining competitive? Melanie Stern reports

Melanie stern is section editor of Families in Business.

The family-owned private bank is almost dead, or that's what we would believe if we looked at last year's results of Swiss banking titans, UBS and Credit Suisse. Who has avoided the acquisition net and how are they remaining competitive? Melanie Stern reports