In the wake of the financial crisis, Switzerland has come under heavy global pressure to weaken its tradition of strict bank secrecy to help cash-strapped governments hunt tax dodgers who have hidden their assets in vaults in Zurich and Geneva.
The risk of a real estate bubble is growing, the IMF has reported, with domestic mortgage credit and real estate prices rising, exacerbated by monetary policy pressures, and presenting dangers for exposed domestically-oriented banks and insurance companie
If they exceed the available net liquidity of 25 percent of the fund's volume, all of the fund's assets will be liquidated, which is what will happen in the case of SEB ImmoInvest.
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
But in recent years, an unheard of trend has emerged: new rivals have entered the fray, challenging the business models of longstanding incumbents. Some
The results of the latest millionaire monitor survey show that a third of those surveyed would trust a financial adviser to handle their money, give them good advice and help them meet their financial goals.