Foreigners account for more than 2000 billion francs in Swiss banks...

The amount of money deposited in Swiss banks by foreigners could be more than twice what was previously estimated, according to the Swiss Bankers Association (SBA).

Up to SFr2.15 trillion in foreign private clients funds is the estimate given by the SBA in response to inquiries from the NZZ am Sonntag, the newspaper reported on Sunday.

The sum is twice the estimate given up to now by the Swiss National Bank, which mentioned SFr1 trillion. Based on the new higher figure, accounts belonging to foreign private clients would represent 42 per cent of the total funds held by Swiss banks. More...

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3. Swiss anger at blacklist call...
4. The mother of all bank runs?