Money Talks | 10.07.2008 | 00:30
Swiss Bank Under Pressure to End Secret Account Concept
Großansicht des Bildes mit der Bildunterschrift: Cloudy days forecast for secret Swiss bank accounts
The secrecy of Swiss bank accounts is one of the most important pillars of the Swiss economy. But it's a pillar that's beginning to crumble.
A US investigation has shown that employees at the Swiss bank UBS supported tax evasion. Ever since, pressure has been applied for Switzerland to adapt its laws to meet international standards. That pressure is now being stepped up, with some influential politicians behind the move to close secret bank accounts.
Report: Ingo Boetig/Catherine Graue
Share this article
