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Profits

World news about “Profits” published by euronews.

21/08 15:26 CET

Smaller Swiss banks under pressure amid demise of Switzerland as tax haven

Smaller Swiss banks under pressure amid demise of Switzerland as tax haven

More private Swiss banks are suffering slumping profits, with a crackdown by the US authorities on tax cheats having a big effect. A study by consultancy firm KPMG and Switzerland's University of Saint Gallen found that of the 94 they examined more than a third did not make…