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SWISS BANKS STAY IN ITALY DESPITE LIGHTNING RAIDS

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Despite a mix of generous tax amnesties and lightning police raids on their offices, Swiss banks in Italy are well position to re-receive Italian clients who leave their domestic Swiss operations, say experts. The Italian branches of Swiss banks should receive enough Italian business to offset the majority of outflows should thousands of wealthy Italians... »

UNPUBLISHED DOC ILLUSTRATES FURTHER BANK SECRECY PLANS

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United States and EU officials have plans to give themselves greater access to each other´s secret banking databases – reports German newspaper Handelsblatt.  An unpublished paper from the office of the EU President indicates that authorities aim to track terror payments more ruthlessly by sharing access to banking information, rather than through simple reveiws... »