Julius Baer can live without U.S. clients: CEO

[Billy Thunder]

Time to move abroad, Switzerland here I come.

"There are enough assets that can be acquired without having to be in the United States," Collardi said in an interview at the Reuters Global Wealth Management Summit in Geneva on Monday.
http://www.reuters.com/article/GlobalWealthManagement09/idUSTRE5942OD20091005

 

[WinSum]

It's not just Julius Baer, swiss private banks have been telling their clients to sell their US assets or take their business elsewhere.

That's one of the reason behind the strength of the Swiss Francs against the US Dollar.

People are dumping US Dollar and repatriating it Swiss Franc.

The US govt have pissed off the Swiss banks and they don't want to do business in the USA.

 

[swtrader]

the corporate world's relationship to the USA can be described as a pile of oreo cookies, the cream eaten, cookie tossed, and baby crying for more

 

[Optional]

Isn't this the same Swiss who sold gold at 250 bucks?
Sounds like a fade to me.

Quote from WinSum:

It's not just Julius Baer, swiss private banks have been telling their clients to sell their US assets or take their business elsewhere.

That's one of the reason behind the strength of the Swiss Francs against the US Dollar.

People are dumping US Dollar and repatriating it Swiss Franc.

The US govt have pissed off the Swiss banks and they don't want to do business in the USA.