Trump Policies Setting Up Resurgence of Swiss Bank Accounts

Swiss banks are gaining great interest again, not only from wealthy Americans, but also American businesses looking to bank their money on neutral territory.

Switzerland boasts a strong economy and a strong currency with a reliable system in contrast to questions being asked about American exceptionalism.

While other economies and currencies such as the Euro may also be subject to swings in world politics, Switzerland is perceived as a place of safety.

Swiss banks grew out of favor in the recent past due to tax evasion perceptions (and reality in some cases), but Switzerland and its sister country, Liechtenstein, went through a process of heavy regulation.

American banks might take note of this trend and consider steps in making it possible for customers to hold part of their holdings in foreign currencies for high net-worth individuals as well as for corporate business clients.