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Swiss banks apologise for acting “wrongly” in US tax cheat assistance

The Swiss Bankers Association and its chairman, Patrick Odier, issued an apology regarding the industry’s role in assisting US clients to dodge taxes in hopes to “rehabilitate [the Swiss financial industry’s] reputation” and maintain the nation’s stellar position as a financial centre, one week after it had signed a pact with the US which could put an end to banking…

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