Category: Vontobel

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US ambassador asks Swiss banks to service Americans

Posted On: October 20, 2016

Several Swiss banks have received a letter from the United States Ambassador to Bern, Suzan LeVine, asking them not to shun US citizens who want to open accounts in Switzerland. Many Swiss banks have frozen out US clients, and even closed down existing accounts, in the wake of a damaging… – Continue reading

Anti money laundering / Credit Suisse / Danske Bank / Switzerland / UBS / Vontobel

Harsh realities dawn on Switzerland’s private banks

Posted On: June 4, 2015

By 2013, Banque Cramer knew it had a problem. With just SFr2bn of client money, the 300-year-old Swiss private bank was too small to weather the radical changes sweeping through its industry, reports Financial Times. Extra regulatory and compliance demands were driving up costs. Big advantages that traditionally helped Swiss… – Continue reading

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