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I didn't hear this particular story, but I had heard that the 'Swiss bank account' wasn't what it used to be in terms of secrecy and security. My perspective on it was that Swiss bank account were all the rage in 80's spy novels and not much else. Most of the people you hear of hiding money nowadays are offshore in the Cayman Islands or some other country or prefecture with tighter security.
If this move caused other banks to follow suit, then it might have an impact on bank regulation, tax evasion, money laundering, etc. But for now, no I don't think it will make any difference.
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You do not really understand something unless you can explain it to your grandmother.
- Albert Einstein
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