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Article: Challenges in private banking. (Advertorial).(Switzerland pressured to link disclosure regulations and tax legislation)(Government Activity)(International Pages)
- Article from:
- Swiss News
- Article date:
- May 1, 2002
CopyrightCOPYRIGHT 2002 Swiss News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Private banking, or the provision of banking services to high net worth individuals, has recently become just as fashionable as investment banking was back in the eighties. It seems that every provider wants to get into the private banking market, or has weighted its strategy more towards private clients, because the margins here are still attractive and assets under management continue to grow worldwide. This in turn means that high salaries and bonuses are paid in this business to attract and retain human resources that would otherwise be dispersed across other areas of banking or different industries altogether. Until about a year ago, another attraction of private ...