If there’s one thing to know in international business, it’s not to flaunt the laws of a sovereign nation, no matter how large your market capitalization or how benign your corporate objective to “do no evil.” Of course, this fundamental precept is often viewed as mere suggestion rather than sound business judgment. In light of a recent … [Read more...]
Swiss Banks Shutting Out U.S. Clients Due to Unprecedented Banking Oversight
on my visit to Switzerland with my wife and daughter this past April, there was a palpable sense of uneasiness in the unusually damp alpine air. As we made our way down Zurich’s Bahnhofstrasse---the main artery running through the city’s financial district, I could not help but notice the sheer number of jaw-clenched bankers passing us by. Given the current … [Read more...]