Swiss banks ban travel on fears of crackdown

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Switzerland's private banks have started to ban their top executives from travelling abroad, even to neighbouring France and Germany, because of fears they will be detained as part of a global crackdown on bank secrecy. The head of a private bank said: "Today if you are a banker from Switzerland going to the US you have to fear you will be taken in for questioning. I am thinking twice about going to the United States."

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Banking Crisis; Banks; Fear As Policy; Global Markets; Travel, Add Tags

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