Swiss Private Banking

In: Business and Management

Submitted By luxwab
Words 3045
Pages 13
Swiss Private Banking

Table of Contents: I. Introduction:
1) Economy of Switzerland;
2) Overview of Swiss Private Banking Sector;

II. Strengths and Opportunities of Swiss Private Banking:
1) Privacy;
2) Protection and Safety;
3) Stability and High Quality Standards;

III. Weaknesses and Problems that Swiss Private Banking is facing:
1) Dependency on socio- demographic factors;
2) Shifting of wealth concentration;
3) Speed of recovery of markets;
4) Threat to offshore banking;
5) Hard to ensure sustained profitability;

IV. Offshore banking in the light of current financial crisis

V. Differences in the way different sized banks were effected:
1) Megabanks;
2) Small – medium sized banks; VI. Strategies adopted by private banks after financial crisis:
1) Credit Suisse;
2) UBS; VII. Conclusion

Switzerland is one of the most stable, modern and highly developed economies in the world nowadays. Percentage of Swiss Workforce by Sector of Economy is as following:
- 1960: Services (39%); Manufacturing (47%) ; Agriculture (15%) ;
- 2008: Service (73%); Manufacturing (23%); Agriculture (4%). Economic history of Switzerland is characterized by steady movement to higher productivity industries and services. Traditionally, the Swiss economy used to ran as calmly and soundly as a Swiss clock, well-oiled by the money inflows to Swiss private banks. The country of Switzerland has a small territory compared to surrounding countries and spans only about 16,000 square miles. However we should not underestimate its size. It is a fact that Switzerland is one of the wealthiest countries in the world nowadays. Switzerland is a nation with a gross domestic product (GDP) higher than that of most neighbor western European nations. Swiss Banks are one part of Switzerland’s superior financial system, and contribute to the great wealth…...

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