why?
did maybe the Lombardians transfer to there, maybe?
2007-02-20 23:09:17 · 5 answers · asked by ? 1 in Arts & Humanities ➔ History
HOW HAS IT BEEN ABLE TO REMAIN NEUTRAL?
2007-02-20 23:22:58 · update #1
Switzerland is not an European banking capital, although:
Banking in Switzerland is characterized by stability, privacy and protection of clients' assets and information. The country's tradition of bank secrecy, which dates to the Middle Ages, was first codified in a 1934 law.[1] All banks in Switzerland are regulated by the Federal Banking Commission (FBC), which derives its authority from a series of federal statutes.
2007-02-20 23:11:40 · answer #1 · answered by Splishy 7 · 0⤊ 1⤋
Switzerland has always been neutral and this has made it a safe place to store money for people who may be persecuted for political reasons, want to hide their income etc..
All the money made "illegally" from the sale of minerals and diamonds smuggled out of Africa is in Swiss bank accounts. A lot of shady people prefer to keep their money there as no-one asks you questions.
2007-02-21 07:13:35 · answer #2 · answered by Anonymous · 2⤊ 1⤋
I don't know,but in my country almost all those who were levelled bribery and fraud against are supposed to have bank accounts there.
and why do you think they prefer Switzerland?
2007-02-22 16:35:40 · answer #3 · answered by edd 3 · 1⤊ 1⤋
nahhh its because of all the clockmakers.
everyone there knows when the bank is open
so they do more business
2007-02-21 07:13:47 · answer #4 · answered by Ron K 5 · 1⤊ 2⤋
I'm not sure but they were happily collaborating with the Nazis so at least since WW2.
2007-02-21 07:11:21 · answer #5 · answered by Anonymous · 1⤊ 2⤋