Financial Times FT.com

A vault unlocked

By Haig Simonian

Published: March 23 2009 20:03 | Last updated: March 23 2009 20:03

Swiss army knife

The stiff breeze that gusts through the winding streets of Geneva’s Old Town to the swanky boulevards along the lake has taken on a bitter new chill. Switzerland, the country synonymous with discreet financial services for the rich, this month agreed to ease its legendary bank secrecy laws – and the country’s private bankers fear their world will never be the same.

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