Hadn't heard about FATCA, so I googled it up, it sounds bad: http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act http://en.wikipedia.org/wiki/Forei

Hadn't heard about FATCA, so I googled it up, it sounds bad: http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_... "As a result of FATCA, European banks such as Deutsche Bank, Commerzbank, HSBC, and Credit Suisse have been closing brokerage accounts for all US customers since early 2011 citing "onerous" US regulations, which FATCA will make more complex when it goes into effect in 2013" Reported by Der Spiegel (which I expect to be a reputable source).