Poverty and inequality: Views from two Swiss investment banks

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Inequality was high on the agenda at the World Economic Forum at Davos last week. The world’s richest and most powerful are finally starting to pay more attention to the issue. In this post, I look at how two Swiss banks, UBS and Credit Suisse, have discussed poverty and inequality in their recent publications. It is commendable that both banks have felt compelled to educate their mainly rich customers on the latest ideas and research on such an important topic.

However, in the case of UBS, their report raises many additional questions about how the rich see and understand poverty, in addition to the role that they feel they can play in combating it. Most concerning are some of the “findings” and “recommendations” which are likely to reinforce the status quo…

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Poverty and inequality: Views from two Swiss investment banks