HSBC says super-rich clients moving into cash

GENEVA (Reuters) Many of the world’s wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC’s (HSBA.L) Swiss private banking unit said on Monday. “My worry is that a lot of liquidity has been injected in the markets by central banks to solve the (credit) crisis,” the former head of Banque Cantonale [suite...]

Date: 2008-09-02 06:58:11

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HSBC says super-rich clients moving into cash

By Laura MacInnis Mon Sep 1 GENEVA (Reuters) - Many of the world’s wealthiest people have moved their money out of stocks and bonds and into cash, ... ,” the former head of Banque Cantonale Vaudoise said, raising concerns about how that liquidity [suite...]

Date: 2008-09-02 02:05:31

HSBC says super-rich clients moving into cash

Text By Laura MacInnis GENEVA (Reuters) - Many of the world’s wealthiest men have moved their money out of public securities and bonds and ... the former head of Banque Cantonale Vaudoise said, raising concerns about how that liquidity [suite...]

Date: 2008-09-01 15:39:54

World's Super-Rich Moving Into Cash: HSBC

Source : The Business Times, September 2, 2008 They're pulling out of stocks, bonds, structured products(GENEVA) ... of Banque Cantonale Vaudoise said, raising concerns about how that liquidity will be removed [suite...]

Date: 2008-09-02 17:51:50

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