By Ian Simpson and Lisa Jucca
MILAN/ZURICH, Dec 4 (Reuters) – Italy’s tax amnesty is set to be the country’s most successful yet with a carrot-and-stick approach resulting in the return of more than 100 billion euros ($151 billion) stashed abroad, analysts estimated.
By Jason Rhodes
ZURICH, Nov 10 (Reuters) – Swiss private bank Julius Baer Group AG said money from wealthy clients had been flowing into the group at a slower pace since mid-year due to international tax clampdowns.
Baer, which split its core private bank and asset management operations into two separately listed companies last month, also said on Tuesday it was seeking more acquisitions following its purchase of ING’s Swiss private banking assets.
“We are still open to acquisitions. In principle, the bigger the better,” said spokesman Jan Bielinski, adding Baer was looking in Asia, Switzerland and the rest of Europe.
By Ian Simpson
GENEVA, Oct 7 (Reuters) – Private bankers face higher costs as a wave of regulation forces them to spend on infrastructure and more staff, executives told the Reuters Wealth Management Summit.
