The year 2012 has, undoubtedly, been a rough one for Swiss banks with U.S. account holders: The oldest Swiss private bank has vanished after facing criminal charges in U.S. proceedings, and several other banks are currently under investigation in the United States. The Swiss administration is working on a global settlement with the United States, which would, ideally, resolve all legacy issues for the past and enable the Swiss banking industry to focus on the future. It remains to ...

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