Deposits in Swiss banks by foreign private clients have dropped by 73 billion francs ($92.5) over the course of the last year, according to recent statistics from the Swiss National Bank (SNB).
By the middle of 2011, total assets under management in Swiss banks totalled around 4,253 billion francs. That is 19 billion, or 0.4 percent, less than mid-2010, according to 20 Minuten newspaper.
The fall-off in deposits by international private banking customers accounted for much of the deficit, dropping by 73 billion, or 3.1 percent, to 2,254 billion francs. More...
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By the middle of 2011, total assets under management in Swiss banks totalled around 4,253 billion francs. That is 19 billion, or 0.4 percent, less than mid-2010, according to 20 Minuten newspaper.
The fall-off in deposits by international private banking customers accounted for much of the deficit, dropping by 73 billion, or 3.1 percent, to 2,254 billion francs. More...
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