21:48 minutes listen, Podcast in German
The dynamics of the Swiss private banking space are shifting further: As the strong banks snapped up increased market share in 2020, the weaker institutes struggled to offset the decline in interest income. In this episode of our KPMG Expert Talk, Philipp Rickert, Head of Financial Services and Christian Hintermann, Partner Financial Services, take a look at the results of the latest study on the Swiss private banking sector, compiled each year by KPMG together with the University of St Gallen (HSG).
"We continue to see Swiss banks' performances becoming more polarized, with the stronger and larger banks pulling ahead of the pack."
"Consolidation in private banking has picked up pace – a trend that is set to continue."