Liechtenstein’s VP Bank experienced a significant profit decline in 2024, with annual profit shrinking by 58.2% to CHF 18.5 million. This downturn highlights challenges faced by many financial institutions amid evolving market dynamics, particularly due to shifting interest rates. Key Financial Performance Overview Despite the challenging year, VP Bank saw certain areas of growth: However,
Introduction: A Record Year for the SNB The Swiss National Bank (SNB) has achieved a historic milestone in 2024 with a record profit of CHF 80.7 billion that exceeded forecasts. As Switzerland’s central bank, the SNB not only manages the nation’s currency and monetary policy but also holds vast foreign assets and gold reserves. In
Edmond de Rothschild (EdR) has strengthened its presence in the UK wealth management sector by acquiring a majority stake in Hottinger & Co Ltd. This move builds on an existing partnership and allows EdR to expand its services for high-net-worth individuals (HNWIs) and family offices. London remains a key financial hub, attracting global investors seeking
Singapore is not only known for its iconic skyline and world-class infrastructure; it also boasts one of the most robust and secure banking ecosystems in the world. If you’re a foreigner seeking to open a savings account in the Lion City, you’ve come to the right place. In this article, we’ll explore why Singapore stands
VP Bank Appoints Co-Heads for Singapore Branch Liechtenstein-based VP Bank has reaffirmed its commitment to the Asian market by appointing Reto Marx and Thomas Rupf as co-heads of its Singapore branch. This strategic move comes as the bank navigates challenges in profitability and restructuring, positioning itself for long-term growth. New Leadership for a Strategic Growth
1. Is a Swiss Bank Account Right for You in 2025? Navigating the Evolving Landscape The mystique of a Swiss bank account—synonymous with financial security, stability, and discretion—has persisted for generations. However, the world of international finance has transformed dramatically, and Switzerland’s banking sector has adapted alongside it. Therefore, before you embark on the process
If you plan to travel abroad, your funds should journey as smoothly as you do. One of the most cost-effective ways to accomplish this is to open free international bank account services with Swiss neobanks. These digital banking platforms help you avoid tricky exchange rates, hidden fees, and the inconvenience of traditional banking hours. From
Introduction: A Legacy of Trust and Innovation In the dynamic world of global finance, Pictet shines as a model of stability and reliability. Since its founding in 1805, this Geneva-based private bank has not only observed the evolution of the global economy but has also helped shape it. By blending time-honored principles with a forward-thinking
Vontobel has been making headlines across the Swiss private banking sector with a series of noteworthy developments. From robust net new money inflows to an unexpected victory in a new brand identity index, the Zurich-based bank appears determined to reinforce its position in a crowded and competitive market. Meanwhile, a major leadership transition is underway,
Swiss numbered accounts have captivated the public imagination for decades. Often depicted in movies and media as the ultimate vehicle for clandestine wealth, these accounts—identified by a number or code name rather than the holder’s identity—have been associated with secrecy and exclusivity. However, modern banking regulations, technological advances, and international pressures for transparency have changed
