PRIVATE BANKING INVESTORS HOLD ONTO CASH
Clients at global private banks are shunning risky assets and instead opting to hold large amounts cash, hoping to make these cash portfolios work hard rather than rushing back into uncertain investments.
Private banking investors are jumping from very low yielding goverment securities like treasury bills to cash deposits with slightly higher yields, bankers told the Reuters Wealth Management Summit in Geneva.
http://www.reuters.com/article/GlobalWealthManagement09/idUSTRE5961N920091007






