Swiss banking and you

PT       2001-07-25 
Swiss banks have about Dollars 1,000bn in assets under management, according to estimates from the UK-based Swissmoney Research, including more money from foreigners than any other offshore tax haven. The advent of e-banking has diminished the prestige of such accounts in recent years. For example, allows foreigners to open accounts with minimal credit card deposits, provided they send proof of identity and the origin of their money to the bank's headquarters in Zurich.