The banking world has seen huge changes over the last three years, and 2011 will continue to manifest the results of these events. Reactions to the economic and financial crises show consumers have less tolerance for risk, governments have less tolerance for bank secrecy, and more business and consumers are moving their money back onshore. But these changes in 2011 will result in increased competition in low tax jurisdictions and more money flowing between continents.
Here are some trends to watch for in 2011:
Competition: Hong Kong, Singapore will see competition as low tax zones.
Emerging markets are experiencing the fastest increase in high net worth individuals (i.e., persons with $1 million in assets) in the world, creating
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