Swiss hold $1.7trn in foreign private money -paper

Reuters, 16 Mar 2009, Jonathan Lynn
GENEVA, March 15 (Reuters) - Foreign private investors hold up to 2 trillion Swiss francs ($1.7 trillion) in Swiss banks, twice as much as previously thought, Swiss weekly NZZ am Sonntag said on Sunday.
The higher figure increases the potential amount that could flow out of Swiss banks and the country following Switzerland's decision on Friday to relax banking secrecy.
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