Tidbit: UBS has agreed, apparently under threat of losing its license to operate in the US, to close down its Swiss banking operation in the US, meaning accounts in Switzerland for US residents. The WSJ says this will affect some 20,000 US clients with about $20 billion in assets presumably including those who did pay taxes on interest and other earnings. This is seen as a move against tax cheats but it also a restraint on American freedom to move money abroad, at least with this bank and this country.
Hmm.
Pounds to Swiss Francs last
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