Two Geneva-based banks that have kept their finance sheets shrouded in secrecy since 1796 will publish their earnings amid pressure from abroad.
Lomard Odier and Pictet, two of Switzerland’s largest independent private banks, will report financials in August, Bloomberg News reports, citing a source from Odier.
Lombard Odier, Geneva’s oldest wealth management firm, will report August 28, with Pictet also due to report by the end of the month.
Together the banks oversee about $630 billion in asset management, both private and institutional, according to Bloomberg.
Pichet is under investigation by the US Justice Department, along with a dozen other Swiss banks for helping Americans dodge taxes. Lombard Odier has voluntarily agreed to swap information with US authorities. Full story...
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Lomard Odier and Pictet, two of Switzerland’s largest independent private banks, will report financials in August, Bloomberg News reports, citing a source from Odier.
Lombard Odier, Geneva’s oldest wealth management firm, will report August 28, with Pictet also due to report by the end of the month.
Together the banks oversee about $630 billion in asset management, both private and institutional, according to Bloomberg.
Pichet is under investigation by the US Justice Department, along with a dozen other Swiss banks for helping Americans dodge taxes. Lombard Odier has voluntarily agreed to swap information with US authorities. Full story...
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