Wealth and Asset Management
Swiss banks face withdrawals due to tax clampdown
Wealthy clients in 2016 pulled out almost $30 billion £24 billion of untaxed assets from three of the world's biggest private banks, UBS S:UBSG, Credit Suisse S:CSGN and Julius Baer S:BAER, taking advantage of government programmes letting them pay tax on undeclared money. Graphic – Withdrawals in 2016 at Switzerland's…
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