Sal. Oppenheim: Partial recovery in early 2009 through massive government programmes
privatebanking.com
December 15, 2008
Private Banking
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Tags: financial crisis, private bank, private banking, Sal. Oppenheim, swiss bank
The outlook of Sal. Oppenheim jr. & Cie on capital market development in 2009 is shaped by the global recession. Triggered by the USA, the global economy is currently experiencing the deepest slump on the international financial markets and in the global economy in general for decades, as a result of the financial and real estate crisis. There is also a noticeable weakening in growth in the emerging markets, partly due to global deleveraging. Dieter Pfundt, personally liable partner at Sal. Oppenheim jr. & Cie., explained at today’s press conference in Frankfurt: “As a result of the collapse of Lehman … Continue Reading