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Swiss banks are facing major challenges

September 26, 2009

Analysis of:Swiss Private Banks Go Down Market as Crisis Destroys Wealth | www.bloomberg.com

The issue of the Swiss banks is not limited to the effect of the crisis and the consecutive destruction of wealth.Their challenges are:- increased sophistication of many banks around the world who are closer to customers and can provide similar services;- the stigma attached to Swiss banks after the various "tax scandals" in the US, Germany.....- they are loosing the Ultra High Networth customers (over Euros 30 Millions) who are going to new boutiques which are offering more tailor-made services

"The banker to every Indian" is following Indian corporations overseas expansion

September 23, 2009

Analysis of:State Bank of India open to acquisitions in UK | www.reuters.com

The SBI which is the largest Indian bank by all measures is expanding its international presence in harmony with the emergence of India has one of the future leader of the world economy.SBI is systematically going after the overseas indian communities aiming at being the dominant banker of the NRIs.SBI is following the expansion of the Indian Corporates internationally.SBI strategy is not unique; the traditional Indian banking sector is going through a process of modernization and globalization.

Was Nomura's investment in Lehman a savy move?

August 18, 2009

Analysis of:Nomura reclaims Lehman's London equities top spot | uk.reuters.com

The integration of Lehman's European/Middle East & Asian teams have been a challenge for Nomura: difficulties in the system integration (many core systems of Lehman being in the US with Barclays!), cultural integration (speed of the decision making) and salary structure integration.I believe that the bad news are behind us and that Nomura has a great opportunity to come back very strong and as a major competitor. They should tap on their Lehman alumni to strengthen also their American presence

Sovereign Funds: myth or reality?...

August 18, 2009

Analysis of:New sovereign funds to emerge as crisis eases | uk.reuters.com

On one side you have countries with effective account surpluses due to the luck of their geography (fe: Norway, Abu Dhabi, Alberta,....) or their hard work transforming them as "location of excellence for their service industries" (fe: S'pore, HK, Switzerland). These countries can develop effective SWF to manage their account surpluses.On the other side you have SWF created which are only "public accounting gimmicks" of countries with "no public account surpluses" (fe: France, Japan....)

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