In September the trend rate of change of M3 in the Eurozone was negative, albeit decelerating: what are the impacts on investment choices?
The reduction in credit provision increases the risk of an economic slowdown given its high correlation to the growth of private demand, both in terms of consumption and investments.
We are a private Bank focused on Private Banking. Based in Milan, we have been in the business for 100 years. We are part of an international group specialising in Wealth Management that includes the Switzerland-based PKB Private Bank SA as well as other Entities providing Asset Management and fiduciary services. This allows us to offer solutions typical of a broader financial network.
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