4 ms·
the "beauty" about Swiss banking is that it's like banking in the rest of (Western) EU in the 70ies. A lot less paper but a lot more personal intuition (persona
by DyslexicAtheist 5y ago
the "beauty" about Swiss banking is that it's like banking in the rest of (Western) EU in the 70ies. A lot less paper but a lot more personal intuition (personality cults) that make the power decisions. While this is true in all of banking in onshore jurisdictions of Barclays or Deutsche they still need to have some form of paperwork and that backs up decisions and show compliance. Switzerland is still the wild-west. That said Swiss banking is a lot more organized, transparent (to foreign institutions) than other offshore jurisdictions like Nevada, New Mexico, UAE (and the more well known exotic places like Panama).
Treasure Islands: Tax Havens and the Men who Stole the World: https://en.wikipedia.org/wiki/Treasure_Islands https://en.wikipedia.org/wiki/Treasure_Islands