The cynics may have written off the offshore private bank but the industry continues to grow, largely due to the personal service and expertise private banks can offer
Combine world recession, the downturn in equity markets and global uncertainty and you might have a reason to be fearful for the health of the offshore banking industry. Yes, it is true to say the global financial industry is going through a tough time at the moment. Indeed, consolidation is not restricted to manufacturing industry or mainland financial organisations, even the offshore industry is going through a period of radical change. But fear not. Offshore private banking is, in fact, a growing industry. This is despite the fact that stock markets have had a torrid three years or so...
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