The private banking industry has been evolving over the past few years. Trends are multiplying and the industry is constantly adapting. Private bankers are faced with an increasingly demanding clientele whose product preferences are continuously evolving. Private banking, like any other banking segment, is influenced by several factors such as the growth of the economy,…
The global economy is facing a recession in 2023 and it’s becoming difficult for businesses and individuals to continue their activity. It is important to understand the recession in order to understand how banking can help to overcome it. A recession is defined as a period of time where there is a significant decline in…
Switzerland has a long-held reputation for financial secrecy, but it isn’t the top country when it comes to a lack of financial transparency. The country that is atop the rankings for being the most complicit in helping individuals hide their wealth is the United States, according to a biennial report released today by the Tax …
“Powell says the Fed will not hesitate to keep raising rates until inflation comes down Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we…
Danske Bank -Sale of private banking activities in Luxembourg completed Danske Bank has completed the sale of its private banking activities in Luxembourg to Union Bancaire Privee (Europe) S.A. (UBP). The customer relationships were successfully transferred to UBP over the weekend. ‘We are pleased that so many of our customers and colleagues in Luxembourg have found a…
Mega-Moves: What’s Driving The Movement Of Advisors And Teams Managing A Billion Or More? Change is typically motivated by a combination of pushes and pulls. Yet in the case of advisors managing $1B+, those factors are even greater. 2021 is proving to be an extraordinarily active year of movement amongst advisors at all levels,…
Swiss bank Pictet Asset Management forecasts that the era of American leadership in financial markets is ending, and that now is the time for diversification away from US equities. Pictet picks out alternative assets such as gold, hedge funds, and real estate markets as areas that investors should look to for diversification. “The US is…
