Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 10.10.2008, 19:28
Junior Member
 
Join Date: Oct 2007
Location: UK
Posts: 33
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
swinburne has no particular reputation at present
Shall I tansfer GBP to canton bank for safe keeping

Hi
I have a UK internet buisness with some capital I want to protect, I bank with Barclays in the UK. I have a chalet in Vercorin and have a mortgage with UBS. I have a GBP account with UBS but do not want to transfer money to my UBS GBP account. I have opened another GBP swiss account with a local bank called Raiffeisen. Will my capital 80-100k chf be safe?
Love to here you thoughts
Thanks in advance
Reply With Quote
  #2  
Old 17.10.2008, 13:50
magyir's Avatar
Forum Veteran
 
Join Date: Oct 2006
Location: Wallisellen
Posts: 1,625
Groaned at 7 Times in 7 Posts
Thanked 501 Times in 346 Posts
magyir has a reputation beyond reputemagyir has a reputation beyond reputemagyir has a reputation beyond reputemagyir has a reputation beyond repute
Re: Shall I tansfer GBP to canton bank for safe keeping

No-one can tell you any bank will be safe. You need to look at the balance sheet and make a determination for yourself.

However according to reports Monday, Raffeisen are currently receiving 100 Mio a month in new accounts as capital flies out from UBS and CS.
Apparently they can't open accounts fast enough if you can believe that.

For example you could say UBS are "safer" as they've received 6 Bio at 12.5% preference share terms which values every franc at 87.5c. That might be worth more than the 10 Bio of toxic assets in the "Bad Bank" right now.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Best way to change 5000CHF to GBP ben.lloyd Finance/banking/taxation 31 26.06.2012 12:41
GBP Credit card issued by Swiss bank? Maximus Brutus Finance/banking/taxation 1 21.04.2008 19:17
Need a safe bank Lechuga Finance/banking/taxation 11 13.04.2007 12:40


All times are GMT +2. The time now is 08:52.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0