Swiss Banks Return To The United States

Swiss Banks Return To The United States by Julie Zaugg in New York, swissinfo.ch

A handful of Swiss banking institutes have started to re-engage with the United States off-shore market – entirely within the law. Their assets under management (AUM) are seeing a spectacular increase. At UBS the AUM has risen 41% over the past five years.

Images of a picture-book world are passing by: mountains in the red glow of a sunset, Zurich’s old town, a little red train snaking alongside a turquoise mountain lake, and a pot of cheese fondue. “Switzerland is one of the most successful and stable economies in the world,” declares the narrator. “Working with UBS-SFA means you benefit from its international investment...