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Loss of banking secrecy seen helping Swiss wealth managers expand overseas

Wednesday, June 10, 2015 - 05:50

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Mr Branson says the quality of Swiss market regulation reflects well on the country's financial companies seeking to expand

Geneva

SWISS banks that aren't dependent on the country's crumbling financial secrecy laws may find international expansion easier than those that sold hidden accounts in the past, according to Switzerland's financial supervisor.

"The shift away from businesses which rely on some

sentifi.com

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