Todays Bankers have good teachers when you consider the following (especially with respect to mention of illegal transactions which the powers supposed to be regulating this activity became complicit).
At some point before March 1811 the Rothschilds became involved in smuggling gold bullion from England to France. This was technically a breach of the Continental System, but it was tolerated by Napoleon and later actually licensed. The youngest Rothschild brother took care of the business on the other side of the Channel, at Gravelines or Dunkirk, exchanging the imported guineas for bills on London, the prices of which were naturally very low in France at that time and which could then be redeemed at a profit in London. A typical series of six shipments from Nathan to James in April 1812 amounted to some £27,300 in guineas, in return for which James sent Nathan bills from Paris bankers like Hottinguer, Davillier, Faber and Morell with a face value of £65,798. The other Rothschild brothers contributed by relaying suitable bills to James from Hamburg and Frankfurt.
REF: The House Of Rorhschild
Fast forward 200 years and you have this.....
Accusations that Swiss banks are helping German citizens dodge taxes grew Saturday, as Switzerland's President Eveline Widmer-Schlumpf dismissed the charges.
German daily Frankfurter Allgemeine Zeitung (FAZ) reported that tax authorities were investigating Swiss bank Julius Baer as well as the banking giant UBS, suspected of transferring German clients' funds to Asia, including Singapore.
Widmer-Schlumpf for her part told Swiss newspapers there was no evidence of this practice, adding, "The banks have pledged not to make this sort of transfer for tax reasons."
She noted that a Swiss-German agreement yet to be ratified provided for German assets in Swiss banks to be taxed in Switzerland.
