Does Switzerland Need Just 20 Private Banks?

The alpine nation is home to 101 private banks, from 163 in 2010 – and those which have survived are on the sick-bed, according to a study by KPMG. Wealth managers aren’t managing to trim the fat accumulated during the bull years: they are losing market share as less money flows into Switzerland…

https://www.finews.com/news/english-news/37718-switzerland-private-banking-study-kpmg-christian-hintermann-philipp-rickert-consolidation-profit