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Swiss banks face challenge on transparency »

By admin on Sep 1, 2008 in Swiss Banking | 0 Comments

The importance of Switzerland as a banking centre came under scrutiny this week when Union Bank of Switzerland, the world’s biggest wealth manager, revealed that it had suffered large net outflows of money in the second quarter. Once, wealthy types in London, New York and Monaco looking to manage their affairs discreetly turned to Swiss [...]

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