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Banking secrecy, in my view in times of Facebook and data all around the world, is going to be more important than before and not less important, if you know how much money somebody has, you also know how much you would get if you kidnap him.
Found on Reuters 10 years ago
There was too much talk about secrecy and taxes and not enough talk about what else is there. Service quality and so on.
Found on Reuters 10 years ago
Wegelin believe this is a regulatory monster. It is an important regulatory burden not only on Swiss banks but all over the world, we decided to tell our clients not to invest in U.S. securities any more. If clients want exposure to U.S. securities we would buy an ETF which does not have a U.S. regulatory base.
Found on Reuters 10 years ago
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