FATCA, the US Foreign Account Tax Compliance Act, has been stirring the banking industry for some time now. While the implementing rules still need to be finalized, its main elements and its grave ramifications are more or less clear at this point: Unless a so-called „foreign financial institution“ enters into an agreement with the IRS, […]

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Private banking – and in particular Swiss private banking – is currently undergoing change. While many elements and aspects of the changes have been forecasted and discussed for a while, they certainly are accelerated by the lasting external pressure on some of the regulations and practices applicable to Swiss private banking.
In the industry’s search for […]

Popularity: 100% [?]