Latest Intelligence on Financial Services in Switzerland

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Type Product title / description Pub Price
CommentWire
CommentWire

Abbey National/Credit Suisse: bailing out insurance

The day after the UK's FSA moved to reassure investors about the safety of the life and pensions sector, two more life insurers were forced to turn to their parents for funding. Although insurance companies claim they can withstand further equity falls, many are likely to be forced into strong measures, including capital injections and redemption penalties - or even closing to new business.

Published By Datamonitor
03 Oct 2002
Expert View
Expert View

Asia Pacific booking centers overtake Switzerland

The recent scandals that have engulfed the most prominent Swiss wealth managers, instigating outflows of billions of Swiss francs to other wealth centers, have impacted the role of Switzerland as a top booking center for global HNW individuals. This has contributed to the emergence of Singapore and Hong Kong as among the foremost wealth centers globally in terms of assets held.

Published By Datamonitor
15 Jan 2013
Expert View
Expert View

Asia will pull in wealth as the rest of the world pushes it away

The shift in gravity of the wealth management market will continue its slide east in 2011, with more international clients being serviced from Singapore and Hong Kong. While neither city will rival the US, the UK, or even Switzerland in terms of global client assets under management, 2011 will see the gap narrow as growth in wealth managed from these cities accelerates ahead of the market.

Published By Datamonitor
02 Mar 2011
Expert View
Expert View

Auf Wiedersehen Wegelin

Wegelin, Switzerland's oldest private bank, has ceased operations and transferred most of its non-US clients and employees to co-operative lender Raiffeisen. The bank was accused by the US Internal Revenue Service of aiding US citizens to avoid millions of dollars in taxes, and is only the latest episode in the agency's global crusade against tax evasion.

Published By Datamonitor
04 Jan 2013
CommentWire
CommentWire

Bank Hofmann: Swiss shift

Bank Hofmann, the independently labeled private bank owned by Credit Suisse [CSR], is stepping up its targeting of wealthy German clients. Bank Hofmann's nascent expansion into the competitive German market sees it attempting to succeed in a challenging area where many other banks have failed.

Published By Datamonitor
12 Oct 2004
Expert View
Expert View

Banking in Switzerland: the end of an era

In the fallout from the financial crisis, Switzerland is coming under increasing pressure to withdraw its banking secrecy laws. In addition to the calls for banking transparency, financial services institutions and governments around the world are fighting to increase their income, a battle which could now threaten Switzerland's dominant position as a wealth management center.

Published By Datamonitor
03 Mar 2009
Expert View
Expert View

BP: the UK, Germany, and Switzerland go contactless

Oil giant BP is to introduce contactless payment terminals instore at all of its service stations in the UK, Germany, and Switzerland; a total of 3,984 company- and dealer-owned sites. If the roll-out is a success, BP could take measures to lift the current E25 limit imposed on contactless payments, in order to capture a larger proportion of fuel sales, rather than just shop purchases.

Published By Datamonitor
28 Jun 2011
CommentWire
CommentWire

Citigroup: beating the Swiss at their own game

Published By Datamonitor
17 Sep 2001
ResearchWire
ResearchWire

Credit cards: Swiss are eager for plastic

Published By Datamonitor
26 Mar 2001
CommentWire
CommentWire

Credit Suisse/UBS: ding dong, round two

While it is smaller than UBS in absolute terms, Credit Suisse has long outshone its rival. However, to meet these new targets, Credit Suisse may need to copy UBS' example and build a network of pan-European private banking centers. Local presence will be key to success as the private banking market becomes increasingly onshore-focused.

Published By Datamonitor
10 Dec 2001

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