SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.95+0.1%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: THE ANT who wrote (96247)11/4/2012 3:20:15 AM
From: elmatador  Read Replies (1) of 218846
 
Better investment opportunities are making private banking a “domestic game” in Brazil with as little as 5 percent of wealth in offshore centers, said Joao Albino Winkelmann, a director at Banco Bradesco, Latin America’s second-biggest lender.



“A lot of people used to keep their money in Geneva, but that doesn’t happen anymore,” said Winkelmann, who helps oversee $31 billion of client assets. “Very few Brazilians are sending money abroad.”



That’s changing a relationship started in the 19th century when Swiss banks guarded the fortunes of plantation owners and mining magnates. UBS AG, Credit Suisse and other Swiss banks are being forced to seek acquisitions as Latin America’s $3.5 trillion wealth management market is set to grow by more than half by 2016, according to Boston Consulting Group.

journalgazette.net
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext