swiss bank vs US justice dept
profiting from other peoples ‘corruption’. and then the concept of taxes.
and then, http://www.guardian.co.uk/business/2012/jan/04/switzerland-central-bank-chief-insider-trading
look, awwwshucks.
but, also.
“Even though opinions are more modest, we can see that Swiss banks have fared well in the global financial crisis and European debt crisis so far.”
The anticipation that the Swiss banking sector will consolidate has hardened in the past year, with 65 percent of respondents expecting to see consolidation in the next six to 12 months, up from 47 percent a year ago. Private banks and regional banks were particularly convinced of the likelihood of consolidation, the survey said.
note: UBS case, 2009.
In a 2009 “investment commentary” entitled “Farewell America”, which is on Wegelin’s website, Hummler chastised the United States for “breathtaking moral duplicity in maintaining enormous offshore tax havens in Delaware, Florida and others of its states” and “for waging wars” in foreign countries “and at home (according to reliable sources, the tentacles of the narcotics mafia now reach well into political circles).” [via]
