Switzerland: Banking Scandal

Over the years, Swiss bankers have striven to create an image of them selves as the Alps of finance — solid, silent and snowy white. The effort has been successful. To the anonymous sanc tuary of their numbered accounts, the bankers have attracted nervous money from the world's teetering tyrants and the merely discreet rich. Swiss banks yearly draw more than $500 million in foreign capital, earn almost as much as the tourist industry. Lately, how ever, the reputation of the Swiss bank ers has become somewhat tarnished.

Britain's government leaders com plained that the "gnomes of Zurich" gravely aggravated...

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