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A comment on Reasons the banking crisis isn’t a repeat of 2008. Parent comment

Re:Reasons the banking crisis isn’t a repeat of 2008 by satellite2 on Saturday March 25, 2023 @04:37AM (#35300688)
It's basically impossible to do any financial transactions in Switzerland as an American. Even something as mundane as opening a bank account to receive your salary is extremely complicated as most banks refuse to do business with Americans. A lot of Americans there renounced their citizenship because of this.
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Re:Reasons the banking crisis isn’t a repeat of 2008 by FredPret on Saturday March 25, 2023 @05:51AM (#35301092)
That's due to American regulations. If any American has an account at your bank, they can audit your whole bank.

So now there are banks that will never take an American customer, and banks that specialize in Americans.

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Re:Reasons the banking crisis isn’t a repeat of 2008 by throwawaybzx on Saturday March 25, 2023 @09:43AM (#35302543)
All Swiss banks are crooked that's why they are afraid of audits.

Swiss and British bankers should be hanged

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Re:Reasons the banking crisis isn’t a repeat of 2008 by danaris on Saturday March 25, 2023 @11:43AM (#35303801)
I'm not sure this is the best example. The reason America puts Swiss banks with American customers under extra scrutiny is specifically because Swiss banks are infamous for enabling tax evasion.
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Re:Reasons the banking crisis isn’t a repeat of 2008 by FredPret on Sunday March 26, 2023 @10:09AM (#35314630)
It's a global thing, not just Swiss. USA has some high-powered financial regulations and the ability to enforce them
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