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Analysts: Swiss banks to close after EU tax haven reforms

06.08.12 @ 17:21

  1. By EUOBSERVER

Analysts, such as Vontobel Holding CEO Zeno Staub, have told Bloomberg that up to 100 out of the 312 banks registered in Switzerland will disappear as EU and overseas clients pull their money elsewhere in order to avoid upcoming EU reforms on tax havens.

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