Swis Banks?

Answer this question

  • Swis Banks?


Answer #1 | 24/01 2008 05:07
if you think about the world economy, it is all connected - if one country starts to go downhill it will have a ripple effect on the rest of the world. for swiss banks, i'm sure (like any other country) it relies to a certain extent on foreign money coming in and a good place may well be the attraction of privacy swiss banks have to offer but i wouldn't have though it solely relies on foreign black money. Also, "black money" is quite ambigious. Swiss Banks follow a Banking code so i'm sure they will not accept funds from proceeds of crime. However the otherside to the coin is that the Banking Laws in Switzerland offer clients a lot of privacy so whether the Bank have a screening process to distinguish between legitimate and illegitimate funds i have no idea. Also it may not always be "black money" in Swiss accounts. The main reason people put money in those bank is because it is not disclosed to the Tax agencies in the varoius countries so a lot of wealthy business and government people use Swiss Bank accounts for those reasons
Positive: 30 %

Possible answer

Die Credit Suisse AG (CS) – ehemals Schweizerische Kreditanstalt SKA – ist eines der grössten global tätigen Finanzdienstleistungsunternehmen mit ...
Read more
Positive: 30 %
Swiss bank accounts are famous for security and stability. Learn about Swiss bank accounts and find out why Swiss bank accounts are different from standard ...
Read more
Positive: 25 %
Die von Bank de Swiss angebotenen Auszahlungen – so weit eine Option im Geld ausläuft – liegen im Durchschnitt zwischen 65 % und 75 %, ...
Read more
Positive: 11 %
CREDIT SUISSE AKTIE und aktueller Aktienkurs. Nachrichten zur Aktie Credit Suisse | 876800 | CSX | CH0012138530
Read more
Positive: 10 %

Show more results