This may be true for your individual reputational valuing of Swiss banks, but isn't for a worldwide one. And worldwide reputation matter because functional fin

This may be true for your individual reputational valuing of Swiss banks, but isn't for a worldwide one. And worldwide reputation matter because functional finance, like networking, requires peering at some point. Major countries have a lot of leverage they can bring when the public is on their side. Viz Swiss secrecy / tax evasion laws being forceably cracked by "terror money" pressure.