Americans Now Pariahs Of Foreign Banks
July 14th, 2009
Swiss and other European banks are shunning American clients in the wake of the UBS tax evasion case.
Forbes
LONDON — Move over, Iran and North Korea: Americans are the new outcasts of banking.
Swiss and other European banks have begun distancing themselves from American clients in the wake of UBS’ spat with U.S. tax authorities, either by closing existing accounts or rejecting new applications.
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