Swiss Private Banking thwarts the financial crisis

Despite severe revenue shrinkage in the course of the financial crisis, Swiss private banks canstill be found among the most competitive players internationally. However, offshore businessmodels have stagnated as pressure on them intensifies. The latest edition of the«International Private Banking Study» from the Swiss Banking Institute at the University ofZurich confirms this tendency in an analysis of the competitiveness of 263 private banks ineleven countries for the years 2007 and 2008.[...]