Euromoney’s Private Banking Survey 2015: JPMorgan voted best global private bank

UBS pushed into second place; majority of private banks globally expect improved revenues in 2015. US banks and their Swiss counterparts dominate the top rankings in Euromoney’s 12th annual Private Banking Survey, highlighting the woes of European peers, which have been forced to retreat from the global stage and reassess their cost bases. For the…

The World’s Next Mortgage Crisis?

How the rise of the Swiss franc could destabilize Europe My breakfast companion looked gloomy. He’d flown into Washington from Vienna the day before. When he deplaned, he found a shocking email waiting for him: a demand from his banker for immediate payment of €12,000. Although a resident of Austria, he had taken a home…

Julius Baer Tells Clients to Switch Out of Franc Holdings

Julius Baer Group Ltd. is advising clients to switch out of Swiss franc cash accounts, saying it will refrain for now from emulating competitors by imposing new fees on such deposits. “We’re turning to clients and discussing with them what are the opportunities to move away from cash Swiss franc balances,” Boris Collardi, chief executive…