Geneva's Banks Push Clients to Come Clean
For more than a century, Geneva has provided wealthy French families a convenient and safe place to stash their money. Switzerland’s political neutrality, stability, and tradition of bank secrecy have kept their fortunes beyond the reach of warring powers and the most determined tax collectors, even though Geneva is less than 3 miles from the French border. In turn, French funds have helped build the city into a showpiece for Gallic culture—and the world’s largest concentration of wealth managers.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.