Lugano Private Bank Results Undermined by Scandal

Bipielle Bank (Suisse), the Lugano-based private bank, reported a 4 per cent rise in net profit in 2005 to SFr8.2 million ($6.6 million). Assets under management fell 2.1 per cent in the year to SFr1.1....

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By: Contributing Editor
June 14, 2006
Bipielle Bank (Suisse), the Lugano-based private bank, reported a 4 per cent rise in net profit in 2005 to SFr8.2 million ($6.6 million). Assets under management fell 2.1 per cent in the year to SFr1.1....