AFBS Association of Foreign Banks in Switzerland’s Post

As the upcoming WEF takes place in Davos, Switzerland, Banque Cite Gestion will host one of the most intriguing side events focusing on the new governance paradigm for private banking. I will be attending and wish great success to this unique private bank. #citegestion #switzerland #familyoffice #sustainability #finma #governance #privatebanking #donaldtrump #elonmusk #davosinnovationweek #quantumfai

Expanding Services of Foreign Banks in Switzerland🇨🇭 In the front page interview with Allnews.ch, La finance suisse dans l'e-media, AFBS Secretary General Raoul Würgler discussed how foreign banks enhance their services range in Switzerland’s financial ecosystem. Despite foreign banks now making up one-third of Switzerland’s banks and employing over 16,000 people, their impact remains underestimated. In Switzerland, as a major hub for global finance, foreign banks are adapting and broadening their offerings, particularly in corporate banking, trade finance, asset servicing, and specialized sectors like private equity. Their growing influence strengthens Switzerland’s position as a global financial hub, catering to both Swiss and international clients' evolving financial needs with tailored expertise. Thanks to #Allnews and Emmanuel Garessus for highlighting this important development in Swiss banking! Read the full interview (in French) here: https://lnkd.in/e8aXq-TT #AFBS #ForeignBanks #SwissBanking #CorporateBanking #WealthManagement #PrivateEquity

📚 Do bank branches still play a role today? Check out our latest publication: "Where the money is: Branch network structure and bank profitability in Switzerland" (published in The European Journal of Finance)! In this study, we explore how the concentration of branch networks impacts bank profitability in Switzerland's unique fiscal landscape. Leveraging the country's federalist fiscal structure, we investigate the interplay between branch distribution and tax burdens. Our findings indicate that geographic concentration of branch networks correlates with enhanced bank profitability, particularly in low-tax communes (where usually wealthy clients are). We highlight the importance of proximity to wealthy clients in improving the bank's financial performance. You can find the paper here for free (first 50 only): https://lnkd.in/d_7_kYYB Excited to discuss these insights further! 🌍💼 #Banking #FinanceResearch #Switzerland #Publication #BankProfitability

💶 👎COLLAPSE < FORCED CAPITAL MKTS UNION: SHE DROPPED THE 🔨 ✅ FANTASTIC SPEECH in Frankfurt to the EBC (EU Banking Congress). ⏰"TOMORROW IS TODAY", technocrats tired of incremental approach. Edicts. 🫶LAGARDE MAKES excellent points which I observed living / working in the EU--innovation is frowned upon, starved for EU venture funding access. 🔠 SUMMARY: WHAT SHE SAID; Federalization of private savings/ pensions: A) EU SAVERS HOARD precious capital in low yielding, safe bank investments B) BOTTOMS UP EU integration of capital markets failed, time for "top-down" C) ASSET MGT FEES usurious for Retail investors, denying them wealth D) TECH INNOVATION gap (vs. USA) traces to VC (a mere 1/3 of USA levels) 🇪🇺 SAVINGS RATE OF 13% (vs 8% USA) too high: capital trapped within national borders that could be tapped by EIB and other pan-EU entities ❤️ A POOL TOO ATTRACTIVE to pass up. 11.5tn in safe bank side funding. Add to 8tn in existing equity investments to yield 20tn innovation superfund ✅ LAGARDE CORRECTLY points to three "blockages" bottlenecks: 1) ENTERING (national regulation, parochial Financial Advisors, risk aversion) 2) EXPANDING (blocked by fragmentation: 295 trading venues, 14 central counterparties, 32 central security depositories) 3) EXITING (to innovative start-ups for value creation) 📢 ANNOUNCING "EU CERTIFIED" investing. An overlooked detail: what happens to EU bank core capital ratios? Explains capital flight to N. America just in time to offset China-Japan dumping of USD assets. Thank you EU. #EU #ChristineLagarde #ECB #Innovation #venturecapital #EIB #EBC #AssetManagment #Funds #RetailInvestors #FamilyOffices #UBI #Reuters

🇺🇸 The US banking landscape is on the cusp of a dramatic transformation. With the number of regional lenders projected to shrink from 4,500 to 1,000 within the next three years, consolidation is accelerating. 💰 Bob Diamond, CEO of Atlas Merchant Capital, calls this “the best investment opportunity I’ve ever seen”, as foreign banks and private capital eye entry into the sector. 🤝 As of November 2024, bank M&A deals have reached $12.5bn — nearly triple last year’s total. Alvarez & Marsal urges banks to prepare now with diligence and integration routines to seize these opportunities. 🏦 Bharat Poddar of BCG and Jill Gateman of TD Bank highlight potential in the underserved middle market. With regulators favouring private capital and non-US entrants, the US banking sector is set for significant transformation. Read more here: https://lnkd.in/eK82mTc8 Aliya Shibli reports

With record-breaking profits of €6.6 billion in 2023 and a profitable 2024 so far, what should Luxembourg banks focus on? Read the perspective of our Luxembourg Banking and capital markets Leader Dorian Rigaud in this article on European banks’ resilience. https://go.ey.com/3YqexcZ #Banking #EU

[#EuropeanBanking] Is optimism on the rise for the banking sector? Throughout 2023, the global economy grappled with persistent geopolitical and macroeconomic challenges. If you are curious about their effect on the Expected Credit Losses of Europe's 26 largest banks, read our new report: https://lnkd.in/dvH6WYm6 #forvismazars #IFRS9 #CreditRisk #ECL #banking

North American incumbent banks appear to be outpacing their European counterparts. Why? & is it sustainable? Latest key performance metrics of the top 35 Global banks compared in the latest A&M Global Banking Pulse. Full report available

We launched our study on how Swiss and Liechtenstein-based #PrivateBanks navigated the 2023 financial challenges. Despite global tensions and concerns, these banks achieved strong results, benefiting from higher interest rates as well as their countries' political stability and safe haven status. Don't miss out on the key topics discussed: 💸 Uneven picture regarding volume development across size buckets in 2023 🏦 Stellar income margins realised by small private banks thanks to higher interest rates 🧑🤝🧑 Operating expenses soared to new heights fuelled by continued FTE increase 💰 Historically solid cost-income ratios achieved through strong net interest results 📈 Strong interest results have significantly positive impact on bottom-line results, especially for smaller private banks. We wish you an interesting read: https://pwc.to/4bJ6CeX #PwCDeals #Finance #PrivateBanks #PrivateBankingUpdate #TransactToTransform #Outlook

We launched our study on how Swiss and Liechtenstein-based #PrivateBanks navigated the 2023 financial challenges. Well done Martin, Sandro and team! Despite global tensions and concerns, these banks achieved strong results, benefiting from higher interest rates as well as their countries' political stability and safe haven status. Don't miss out on the key topics discussed: 💸 Uneven picture regarding volume development across size buckets in 2023 🏦 Stellar income margins realised by small private banks thanks to higher interest rates 🧑🤝🧑 Operating expenses soared to new heights fuelled by continued FTE increase 💰 Historically solid cost-income ratios achieved through strong net interest results 📈 Strong interest results have significantly positive impact on bottom-line results, especially for smaller private banks. We wish you an interesting read: https://pwc.to/4bJ6CeX #PwCDeals #Finance #PrivateBanks #PrivateBankingUpdate #TransactToTransform #Outlook