I just need to reply here 
I am Swiss and even used to work in Swiss banks once upon a time.
What exactly is this famous Swiss bank Secret: Most countries don’t make a difference between tax evasion and tax fraud, but Switzerland does. We don’t care about tax evasion. Any country could knock on our doors and tell this citizen is hiding 5 Million $ in a Swiss bank. Switzerland says: Sorry, not our problem, if you can’t prove he does tax fraud, we will protect his privacy. Every rich person, every drug cartel, every dictator has money in a Swiss bank. Once I was reading that every third Dollar of the global money lies in Swiss banks. I am not sure that true, it seems too much, but it is a lot. UBS is or at least was the biggest private investment bank.
The pressure is mounting from all sites. European Community is trying for years to break through the bank secret, because they are losing billions of tax money. This is one of the main reasons why Switzerland is not part of the European Community.
UBS had to sell out a few US customers to the IRS, because they simple don’t want to lose the US market.
I will guarantee Switzerland will fight like bulls for as long as possible for the Swiss bank secret.
I am not saying it’s good or bad, just the way it is. At the end of the day i am neutral :bigsmile: