Frey & Co: At the moment it is virtually impossible to find a retrospective of 2008 that does not center on the current financial meltdown: the crisis is omnipresent, and no talk of its bottoming out will allay fears that it may yet descend to even deeper troughs. The value of the assets entrusted to us by our clients has not remained entirely undiminished either, and this we naturally regret. Nevertheless, we can say that although our Bank has been marginally affected by the upheavals, we still managed to keep our distance from the epicenter…

Bank Frey & Co: Annual Report 2008 (pdf)
Contents:
Chairman’s Report
Building Fans for Generations
Report of the Executive Board
Balance sheet on December 31, 2008, and previous year
Income statements for December 31, 2008, and previous year
The importance of correct positioning
Directorate and executive body of Bank Frey & Co. AG
Notes to the annual financial statements for 2008
Business activities and employees
Accounting policies
Risk management
Notes to the balance sheet
Notes to the off-balance sheet transactions
Notes to the income statement
Report of the statutory auditors
Building Wealth for Generations – even on Koh Yao Noi
Useful link: Bank Frey

French showdown looms over stolen bank data: Strange goings on at HSBC private bank. A dispute between Switzerland and France over stolen bank data and tax evasion is threatening to undermine diplomatic relations between the two countries. The Geneva-based HSBC private bank case has so many sub plots and has thrown up so much conflicting information that it could read as spy novel. Both sides accuse the other of encouraging criminal behaviour