Warren Buffett has spoken out about the rapidly deteriorating state of the European economy, warning that there is no obvious answer to the region's problems.
European equities lost ground in afternoon trading ahead of a crucial EU summit, as Spain officially asked its eurozone neighbours for a bailout.
Billionaire investor George Soros has called on Europe to start a fund to buy Italian and Spanish bonds, or risk the demise of the euro.
European Wealth is looking to establish offices in Geneva and other European locations. At the same time it has appointed Nigel Davies to spearhead it's recently launched liquidity management service.