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While fintech firms in Switzerland have complained about lack of support from traditional banks, recent fund raisings show that banks are ready to lend to the sector, Finews has reported.
SeeNews) - Nov 9, 2012 - Swiss bank Credit Suisse (VTX:CSGN) will merge its retail and private banking arms in Switzerland as of January 1, 2013, affecting 300 employees, Swiss financial services news website finews.
RBS Coutts, the private banking arm of Royal Bank of Scotland Group Plc (LSE: RBS) (NYSE: RBS-PP), has said that it has named Alexander Classen, a former Morgan Stanley (NYSE: MS) banker, as replacement for chief executive Gerhard Mueller, effective next week, Dow Jones has reported citing finews.