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One in 10 Swiss private banks disappeared in 2015

This content was published on Aug 25, 2016 A survey by KPMG and the University of St Gallen maintains its prediction of last year that around a third of Swiss-based private banks will disappear as the industry realigns itself to a harsh new climate. The global crackdown on tax evasion and money laundering has also played a large hand in the industry’s declining…