Lugano Private Bank Struggles

Banca del Sempione reported a 19 per cent year-on-year fall in operating profits in 2004 to SFr7.3 million ($5.9 million). Revenues were down 4 per cent in the year to SFr26 million. The bank’s profit....

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By: Contributing Editor
September 6, 2005
Banca del Sempione reported a 19 per cent year-on-year fall in operating profits in 2004 to SFr7.3 million ($5.9 million). Revenues were down 4 per cent in the year to SFr26 million. The bank’s profit....