Thursday, March 19, 2009


It comes as no surprise, to most following banking news, that The Rothschild's family has been, an influential force within the world of banking for over two centuries. In recent years, The Paris banking cartel has reemerged with the London cartel, and the buck doesn't stop there. A more recent merger has taken place with the Bank of China as well. These ties also merge with, The Bank of China's, recent 30 % buy into Swiss-based Heritage Fund Management SA.

According to International Herold Tribune:

"With the rapidly growing global demand for wealth management services, private banking and asset management are becoming increasingly important parts of the Chinese financial services industry," the statement said.

Bank of China said it hoped the deal would strengthen its presence in Europe. China's top banks are among the world's largest in financial terms but inexperienced at consumer services. They have formed ties with foreign partners to introduce credit cards and other products.

The Rothschild's, also have managed to stay relativity unscathed during this current economic calamity. According to Baron Rothschild, “You could say that we may have more insights than others, or you may look at the structure of our business,” he says. “As a family business, we want to limit risk. There is a natural pride in being a trusted adviser.” (quote provided by The National).

No comments:

Post a Comment