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Private banks face the squeeze

This content was published on Jul 30, 2002 That’s the conclusion of a new study by Switzerland’s largest private bank – Pictet in Geneva. It says that although banks are launching cost-cutting measures, these are very often “rather timid” and therefore not likely to prune some of the excesses of the 1999-2001 period. As a result, says Pictet, 2002 looks like being another…