Comment by briandear
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It’s still somewhat of a current topic though.
https://www.wsj.com/finance/banking/nazi-ties-to-credit-suis...
Interesting
I'm sure UBS will try to claim that they didn't aquire the liabilities of CS just like Bayer and Dow try too with their acquisitions. However since this acquisition was basically forced upon UBS they would probably have a much better chance in court...
Private banks are very different from consumer banks in Switzerland. You might as well consider them as different kinds of things.
Bringing up Nazis, terrorists, and “the children” is always relevant to privacy detractors who think it’s suspicious for regular people to not want to be spied on.
Switzerland paid restitutions and changed it's laws which can't be said for crimes committed by many others. While the past should not be white washed it's been 80 years now.
A better question is how many banks does Switzerland still have? UBS is threatening to leave if they need to meet the new capitalization requirements the government wants.