Karin Keller-Sutter should take a trip to Delaware
by Toni Brunner*
(18 June 2021) It was during the last financial crisis in 2008/2009. The USA was looking for money and new sources of income and so the then US President Barack Obama attacked banking secrecy and with it Switzerland.
Our Federal Councillor for Eastern Switzerland, Hans-Rudolf Merz, said at the time: “You will have a tough time on our banking secrecy but you will not succeed!" In the summer of 2009, the big bank UBS delivered thousands of client data to the USA, and banking secrecy was eliminated.