Going where the money is
Article Abstract:
Switzerland's private banking tradition has helped turn the country into one of the world's leading centers for high finance. These tradition has also helped cities such as Zurich and Geneva to become favored locations for the portfolio management operations of foreign banks. As a result, some 40 foreign banks now have their operations headquartered in Geneva while 78 other foreign banks have headquarters in Zurich. Among the leading foreign banks in Switzerland are Banque Paribas, Banca della Svizerra Italiana and Republic New York Bank.
Publication Name: SwissWORLD
Subject: Business, international
ISSN:
Year: 1999
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Where to park it
Article Abstract:
Buying a reasonably-priced bond that is near maturity is a wise investment option since the resulting capital gain will not be taxable. For the short-term, it is feasible to invest in easy access savings bank accounts because of the attractive interest rates which are usually higher than 1.75%. For the long-term, it is best to invest in a superannuation programme where a considerable percentage is paid into a retirement account.
Publication Name: SwissWORLD
Subject: Business, international
ISSN:
Year: 1997
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