Top banker asks Germans to “bury hatchet”

June 11th, 2009

The chairman of the Swiss Bankers Association says the softening of Swiss banking secrecy laws has not led to any noticeable flow of assets out of the country.

Pierre Mirabaud said investors had nowhere else to place their money since all countries were expected to comply with new banking standards set out by the Organisation for Economic Co-operation and Development (OECD).

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