Swiss private bank Pictet releases first-ever results | Bangkok Post: news

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Swiss private bank Pictet releases first-ever results

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The elite of Swiss private banks on Tuesday began lifting the veil on their books after a radical shift in their business model, amid tougher international regulations and crackdowns on tax dodgers. 

The headquarters of the Swiss private Bank Pictet pictured in Geneva on August 25, 2014

Geneva's Bank Pictet broke with a 209-year-old tradition of keeping its accounts under wraps, announcing a six-month profit of 203 million Swiss francs (168 million euros, $222 million).

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