Geneva's banks prepare for a tough 2017 with no Brexit bonus



More than a third of Geneva's banks expect a difficult 2017 after finding 2016 much tougher than the year before, an annual survey of the Swiss city's financiers showed on Tuesday.
Swiss competitiveness has been badly dented by the strong franc, but Yves Mirabaud, president of the Geneva Financial Center which carried out the poll, said the main threats are curbs on immigration from the European Union and a failure to pass laws guaranteeing access to the EU banking market.
And the country's banks, many of which are based in Geneva, should not count on Britain's vote to leave the EU driving... read more

 
11 October 2016 in Business, Views: 40
Source: Reuters
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