What’s so special about Swiss bank and why does everyone hold it to the highest point if they want to hide their money? How does it work differently from other banks in other countries?

Question

What’s so special about Swiss bank and why does everyone hold it to the highest point if they want to hide their money? How does it work differently from other banks in other countries?

In: 6

Answer 1

Switzerland also has a tradition of neutrality during any conflict. This usually means any assets there can still be accessed. Russia’s war in Ukraine is actually the first time they have frozen any assets citing “the unprecedented military attack by Russia on a sovereign European state.”