A new Swiss role
Article Abstract:
Swiss banks have been affected by Holocaust claims, and the largest bank, UBS, has reported a loss. Switzerland has also become less unique in offering a safe haven, as low inflation, political stability and a strong currency become more common. Banking secrecy laws may change, if Switzerland joins the European Union. Swiss banks see opportunities in private banking and UBS plans acquisitions in this area. Links between investment banking and private banking are becoming stronger, and this trend favors the larger banks.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Swiss banks and Nazi gold
Article Abstract:
Lawyers for Holocaust suvivors are seeking to reclaim assets from Swiss banks and European insurers. A moratorium on sanctions has been lifted against the biggest two banks in Switzerland by US officials following a breakdown in talks. The banks held looted assets as well as dormant accounts, There is also a lawsuit targeting 16 European insurers. Some governments are seeking to tackle the problem,icludingNorway, which has approved a $58.6 million fund for survivors of the Holocaust.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Unsettling
Article Abstract:
Swiss banks have been criticized for the methods used in searching for Holocaust-linked bank accounts.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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