Two traditional Swiss strengths offshore private banking and managing the money of wealthy old families are in relative decline.
ECONOMIST: Private banking
The landscape of tax avoidance and bank secrecy in offshore tax havens changed due to individuals who blew the whistle on private offshore banking practices.
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Although the country is still host to about one-third of the world's offshore assets, its attraction as a private-banking centre has dwindled.
ECONOMIST: Swiss private banks
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