ARTICLE · 30 JULY 1996

Pushing The Limits

Deloitte AG

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SwitzerlandEmployment and HR

They offer private banking services, tailor-made asset management, cash facilities, secrecy (and comforting personal advice in complex private situations ! ). They buy or sell for you equities, derivatives, foreign currencies and shares in investment funds. Your money can be directly deposited in an account with them.

What are they ?

They could be banks. But they could also be "non-banks" or "Financial Companies" since the above elements are not qualifying attributes of banking activity under Swiss law, basically extending credit facilities (otherwise than temporary and secured by managed assets), remunerating deposits, or placing the counterpart of these deposits in anything else than liquid assets.

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