Advisor Rothschild still monitoring sale of AIB

Investment bank Rothschild is continuing to advise the Irish government and is monitoring stock markets in relation to State-owned AIB, the Department of Finance told the Irish Examiner yesterday. It will be up to the new government after the election to decide on the sale of AIB, the department said. Rothschild started working for the…

SWISS PRIVATE BANKS FACING UNPRECEDENTED CRISIS ?

Despite its position of leader of the wealth management industry, the Swiss banking industry has been undergoing its worst crisis for several years now. The number of private banks in Switzerland has drastically collapsed from 170 in 2009 to less than 130 in 2014 (decrease of 23% in 5 years). Forecasts communicated by institutes such…