Boston Consulting says Swiss private banking set to shrink.

BANKING AND CREDIT NEWS-June 19, 2020--Boston Consulting says Swiss private banking set to shrink

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Global Banking News - 19 June 2020

Boston Consulting Group (BCG) has predicted that private banking could shrink in Switzerland.

BCG said that consolidation is increasing in the wealth management industry in Switzerland. It said that the trend is set to continue, leading to the shrinking of the market in the near future.

The firm's managing director, Anna Zakrzewski, said that the number of Swiss private banks...

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