Another article about Swiss banks getting rid of clients (dual-nationals included). Interesting that Raiffeisen already announced this at the beginning of the year (following the acquisition of Wegelin). Many Raiffeisen clients are also “societaires” as the bank is a cooperative institution (similar to a credit union) and I wonder how the bank can exclude people who are not only clients, but shareholders.
I already wrote a response to the article, please everyone do so. Unfortunately there is a limit of 400 characters and you need to sign up somehow (with Facebook for example).
What astounds me is that no one seems to have yet sued or filed criminal charges for discrimination (at least that we have heard).
Banque Coop is also mentioned in this article for closing accounts as well. Oddly enough, their motto is “FAIR BANKING”.
A few years ago, Raiffeisen said that it would continue to offer services to Americans in limited circumstances. Also, the BCV (Banque Cantonale Vaudoise) got rid of clients resident in the US, but did not exclude keeping clients living in Switzerland: