May 20, 2016
While financial markets around the world experience decline, seasonal fluctuations or any other kind of uncertainty or shakeup, the Asian financial market appears to be an extremely attractive alternative for investments and development strategies.
One of the major revenue-generating divisions of large financial institutions is private banking. There are quite a few examples of banks in the US and Europe that have decided to push harder on Asia to seize the opportunity.
One of the examples is Swiss Bank. Less than a week ago, the bank announced to make Asia its priority region for growth. Although the bank experiences the second consecutive quarterly loss amid a major restructuring, in the APAC region Credit Suisse's net new assets for private banking rose to 4.3 billion Swiss francs ($4.4 billion) in the first quarter, as reported by Reuters. As a r ...