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HomeWorld NewsCredit Suisse: Bank rescue damages Switzerland's reputation for stability

Credit Suisse: Bank rescue damages Switzerland’s reputation for stability


Despite the scandals over the years related to the secret bank accounts of dictators (including Ferdinand Marcos from the Philippines, Congolese dictator Mobutu Sese Seko and many more), or the money laundering for drug lords and tax evaders, Swiss banks hung on to that reputation symbolised by Roger Federer: strong, and reliable.



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