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More Swiss banks restrict US business
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5779

Posted: 7/17/2009 4:52:42 PM

By: Carl Weiss

Posted: Saturday, August 13, 2011

Posted: 7/18/2009 10:24:11 AM

By: knightmare3000

I think that as the Swiss banks restrict US businesses,more US businesses shall go to other locales,e.g. BAHAMAS or CAYMANS. in the long run Swiss will suffer. Most hedge funds are now located in Caymans and Bahamas,not Switzerland. they have the money. even for personal accounts, DENMARK is picking up the US clients. so ultimatley the Swiss will not have the same client base. the US clients shall just go elsewhere.


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