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Citizen Quotes Page #14,969

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Banking secrecy, in my view in times of Facebook and data all around the world, is going to be more important than before and not less important, if you know how much money somebody has, you also know how much you would get if you kidnap him. – Ivan Adamovich	Found on Reuters 9 years ago
There was too much talk about secrecy and taxes and not enough talk about what else is there. Service quality and so on. – Ivan Adamovich	Found on Reuters 9 years ago
You need to be very mindful that you are dealing with declared assets (to tax authorities), who would be willing to acquire assets that are noncompliant. – Louay Al-Doory	Found on Reuters 9 years ago
People realize that it is not just the size of the asset, it is the complexity of the integration of the deal. – Pablo Garnica	Found on Reuters 9 years ago
If you are 100 percent long or 100 percent short, you are likely to end up nowhere, but with a clever manager and the right strategy, you can edge some gains from this seesaw market. – Jeff Tjornehoj	Found on Reuters 9 years ago
There's never been a more difficult time to navigate financial markets than where we are today. – Frank Porcelli	Found on Reuters 9 years ago
They've been hit by everything. It's not going to make any difference, uBS is still UBS. You may have a scratched Rolls Royce, but it's still a Rolls Royce. – Louay Al-Doory	Found on Reuters 9 years ago
UBS is still UBS. You may have a scratched Rolls Royce, but it's still a Rolls Royce. – Louay Al-Doory	Found on Reuters 9 years ago
It's terrible because UBS is a key factor in Switzerland. It is not good for the Swiss financial center. – Yves Mirabaud	Found on Reuters 9 years ago
A lot of clients were disaffected over the last few years. We've seen a migration of people who were badly served in previous institutions, i can't see any increase since the UBS scandal. – James Fleming	Found on Reuters 9 years ago
Asking questions yes, but moving not. – Enrique Marazuela	Found on Reuters 9 years ago
We are a global bank... There is no way we are going to say we don't do business with the US so clearly it's about finding the best way to implement this new regulation. – Alexandre Zeller	Found on Reuters 9 years ago
FATCA will cost 10 times to the banks than it will generate for the IRS. It is going to be extremely complicated, we (will) try to convince the IRS to make something which is a bit lighter, a bit more reasonable. We are not in favor of automatic exchange of information. – Yves Mirabaud	Found on Reuters 9 years ago
Wegelin believe this is a regulatory monster. It is an important regulatory burden not only on Swiss banks but all over the world, we decided to tell our clients not to invest in U.S. securities any more. If clients want exposure to U.S. securities we would buy an ETF which does not have a U.S. regulatory base. – Ivan Adamovich	Found on Reuters 9 years ago
We decided to tell our clients not to invest in U.S. securities any more. If clients want exposure to U.S. securities we would buy an ETF which does not have a U.S. regulatory base. – Ivan Adamovich	Found on Reuters 9 years ago
The client needs to be aware... being a Swiss citizen and having U.S. exposure, there could be an inheritance issue. We have not actively advised, we have informed our clients there is possibly an end risk there. – Peter Fanconi	Found on Reuters 9 years ago
You need to reward people to incentivize people to grow, at the end of the day you need to have the people capable of dealing with clients and complex situations. At the end of the day you need a human being talking to a human being. – Pablo Garnica	Found on Reuters 9 years ago
Our model now, instead of bringing in the novices, is now recruiting experienced advisers, people who are coming into the franchise now are people who are coming from other businesses. – Don Froude	Found on Reuters 9 years ago
They (firms) have to give more support to the people who are paying the bills. – David Drucker	Found on Reuters 9 years ago
If you're recruiting better people who have been more successful in the past, you have to be willing to pay them. – Jim Weddle	Found on Reuters 9 years ago
We are telling (clients) very honestly nobody knows how this is going to evolve and you have to be extremely careful in terms of your exposure. – Alexandre Zeller	Found on Reuters 9 years ago
It has been an accelerating factor in the last few weeks, we have observed a flight to safety. Banks with solid balance sheets, with conservative management and approach to the markets, are seeing significant inflows on a global scale. – Alexandre Zeller	Found on Reuters 9 years ago
If you look at it more locally, state guaranteed institutions are seeing significant inflows . part-nationalized banks or those with an implicit state guarantee. – Alexandre Zeller	Found on Reuters 9 years ago
I don't know if the fact it is a family business is a selling point ... (But) when you see how the big banks have behaved the past few years I believe that the model is stronger than ever. – Yves Mirabaud	Found on Reuters 9 years ago

Banking secrecy, in my view in times of Facebook and data all around the world, is going to be more important than before and not less important, if you know how much money somebody has, you also know how much you would get if you kidnap him.

– Ivan Adamovich

Found on Reuters
9 years ago

There was too much talk about secrecy and taxes and not enough talk about what else is there. Service quality and so on.

– Ivan Adamovich

Found on Reuters
9 years ago

You need to be very mindful that you are dealing with declared assets (to tax authorities), who would be willing to acquire assets that are noncompliant.

– Louay Al-Doory

Found on Reuters
9 years ago

People realize that it is not just the size of the asset, it is the complexity of the integration of the deal.

– Pablo Garnica

Found on Reuters
9 years ago

If you are 100 percent long or 100 percent short, you are likely to end up nowhere, but with a clever manager and the right strategy, you can edge some gains from this seesaw market.

– Jeff Tjornehoj

Found on Reuters
9 years ago

There's never been a more difficult time to navigate financial markets than where we are today.

– Frank Porcelli

Found on Reuters
9 years ago

They've been hit by everything. It's not going to make any difference, uBS is still UBS. You may have a scratched Rolls Royce, but it's still a Rolls Royce.

– Louay Al-Doory

Found on Reuters
9 years ago

UBS is still UBS. You may have a scratched Rolls Royce, but it's still a Rolls Royce.

– Louay Al-Doory

Found on Reuters
9 years ago

It's terrible because UBS is a key factor in Switzerland. It is not good for the Swiss financial center.

– Yves Mirabaud

Found on Reuters
9 years ago

A lot of clients were disaffected over the last few years. We've seen a migration of people who were badly served in previous institutions, i can't see any increase since the UBS scandal.

– James Fleming

Found on Reuters
9 years ago

Asking questions yes, but moving not.

– Enrique Marazuela

Found on Reuters
9 years ago

We are a global bank... There is no way we are going to say we don't do business with the US so clearly it's about finding the best way to implement this new regulation.

– Alexandre Zeller

Found on Reuters
9 years ago

FATCA will cost 10 times to the banks than it will generate for the IRS. It is going to be extremely complicated, we (will) try to convince the IRS to make something which is a bit lighter, a bit more reasonable. We are not in favor of automatic exchange of information.

– Yves Mirabaud

Found on Reuters
9 years ago

Wegelin believe this is a regulatory monster. It is an important regulatory burden not only on Swiss banks but all over the world, we decided to tell our clients not to invest in U.S. securities any more. If clients want exposure to U.S. securities we would buy an ETF which does not have a U.S. regulatory base.

– Ivan Adamovich

Found on Reuters
9 years ago

We decided to tell our clients not to invest in U.S. securities any more. If clients want exposure to U.S. securities we would buy an ETF which does not have a U.S. regulatory base.

– Ivan Adamovich

Found on Reuters
9 years ago

The client needs to be aware... being a Swiss citizen and having U.S. exposure, there could be an inheritance issue. We have not actively advised, we have informed our clients there is possibly an end risk there.

– Peter Fanconi

Found on Reuters
9 years ago

You need to reward people to incentivize people to grow, at the end of the day you need to have the people capable of dealing with clients and complex situations. At the end of the day you need a human being talking to a human being.

– Pablo Garnica

Found on Reuters
9 years ago

Our model now, instead of bringing in the novices, is now recruiting experienced advisers, people who are coming into the franchise now are people who are coming from other businesses.

– Don Froude

Found on Reuters
9 years ago

They (firms) have to give more support to the people who are paying the bills.

– David Drucker

Found on Reuters
9 years ago

If you're recruiting better people who have been more successful in the past, you have to be willing to pay them.

– Jim Weddle

Found on Reuters
9 years ago

We are telling (clients) very honestly nobody knows how this is going to evolve and you have to be extremely careful in terms of your exposure.

– Alexandre Zeller

Found on Reuters
9 years ago

It has been an accelerating factor in the last few weeks, we have observed a flight to safety. Banks with solid balance sheets, with conservative management and approach to the markets, are seeing significant inflows on a global scale.

– Alexandre Zeller

Found on Reuters
9 years ago

If you look at it more locally, state guaranteed institutions are seeing significant inflows . part-nationalized banks or those with an implicit state guarantee.

– Alexandre Zeller

Found on Reuters
9 years ago

I don't know if the fact it is a family business is a selling point ... (But) when you see how the big banks have behaved the past few years I believe that the model is stronger than ever.

– Yves Mirabaud

Found on Reuters
9 years ago

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Editorial »

Citizen Quotes Page #14,969

Here you'll find fresh and interesting quotes from the news wire collected automatically by our smart bots...

Discuss these news quotations with the community:

0 Comments

Quote of the Day Today's Quote | Archive

Would you like us to send you a FREE inspiring quote delivered to your inbox daily?

Citation

Use the citation below to add this quote to your bibliography:

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