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| Name | Are Swiss banks in trouble? |
| Video Uploader | Video From CNBC International |
| Upload Date | This Video Uploaded At 27-05-2021 15:14:17 |
| Video Discription | A global clampdown on tax evasion, led by U.S. law authorities, has transformed the banking industry in Switzerland. Without its famed reputation for secrecy, wealthy foreigners no longer see it as a haven to hide their money. So how have Swiss banks adapted? CNBC’s Tom Chitty is joined by Geoff Cutmore to explain. Contents of this video: 0:00 - Intro 1:11 - How Swiss banking has changed 1:37 - Swiss bank secrecy and success 3:20 - Swiss banking's downfall 3:55 - Repercussions 4:41 - The impact 5:01 - New markets 6:24 - Have things really changed? 8:37 - Is this the end of Swiss banking? ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi SxieYEeSx2c |
| Category | News & Politics |
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