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by captainpiggies 2459 days ago
After the 2009 financial crisis and the regulatory requirements which followed the major international Swiss banks were forced to split their retail and investment business into separate entities at about the same time they also started restructuring some other things I am pretty sure they saw this coming after FATCA / MIFID because they have all since split their Swiss business from their international business at least legally (separate legal entities under one brand and holding corp etc.)