Inside these posts: Swiss banks

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WikiLeaks: Swiss banking secrets to be revealed

A former Swiss private banker handed over data on hundreds of offshore bank account holders to WikiLeaks founder Julian Assange on Monday, saying he wanted to draw attention to financial abuses.

Rudolf Elmer, 55, headed the office of Julius Baer in the Cayman Islands until he was fired by the bank in 2002. He is scheduled to go on trial in Switzerland on Wednesday for breaching bank secrecy.

Swiss national Elmer handed Assange the data at a news conference at a media club in London. The two yellow and blue discs contain information on around 2,000 banking clients, both individuals and companies, he said, declining to reveal further details on the data. Get the full story »

Beleaguered UBS tries to dress up its image

UBS is aiming to polish its tarnished image with a new dress code, as it seeks to regain the faith of retail clients after posting the biggest loss in Swiss corporate history during the financial crisis.

A 52-page internal document seen by Reuters advises customer-facing staff in five pilot scheme branches on how to make a good impression with customers by choosing flesh-colored underwear and stockings and avoiding smelly foods and tobacco. Get the full story »

Analyst: Northern Trust easy pickings

The Street |  Saying U.S. assets are attractive to Swiss banks, Rochdale analyst Richard Bove says Credit Suisse should buy Northern Trust.  He cites the Chicago institution’s cash balance and inability to “withstand a takeover bid.”