Swiss Bankers Banned from Travel
It isn’t as if this was some kind of perquisite clawed back by the U.S. Congress, angry at overpaid bankers. Â No, this time it’s bankers who are fearful of arrest…
The travel bans, which have not been brought in by all banks, have focused on those visiting the US, following the detention there last year of a senior private banker from UBS, Switzerland’s biggest bank, as part of a federal tax investigation.
The head of the private bank, which itself has no travel restrictions, said: “Today if you are a banker from Switzerland going to the US you have to fear you will be taken in for questioning. I am thinking twice about going to America.â€
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…apparently, a lot of people are thinking twice about going to America.
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