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Cheddar News
  • 9 months ago
Amid growing uncertainty surrounding the Trump administration’s economic policies, wealthy Americans are increasingly seeking to move assets to Swiss banks.

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00:00Amid growing uncertainty surrounding the Trump administration's economic policies,
00:04wealthy Americans are increasingly seeking to move assets to Swiss banks.
00:09Private bankers and asset managers report a notable rise in U.S. clients,
00:13aiming to establish Swiss-based accounts to comply with U.S. tax regulations.
00:18This trend mirrors the financial crisis era,
00:21driven by concerns over domestic financial stability,
00:24as well as a desire to diversify from the U.S. dollar.
00:27Swiss banks like Pictet and Alpen Partners have adapted to U.S. tax transparency rules,
00:34making it more feasible for Americans to manage assets abroad while remaining compliant.
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