If you’re an American citizen and happen to have an account with a Swiss bank then you might want to reconsider your options.

A report in the New York Times today suggests the US authorities might be prepared to go further than anyone expected when it comes to investigating their citizens' accounts with Swiss banks - including UBS, the largest wealth manager in the world.

Comment: US doesn’t want its citizens to bank with Swiss banks

David Bain

Morgan Stanley

Corporate/Industrial News

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