Austria has decided not to lift its banking secrecy following talks with the Organisation for Economic Cooperation and Development (OECD) in Paris.
Switzerland is bracing for a monumental change in a tradition of banking secrecy that has survived numerous crises over the last 75 years.
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/ 20 February 2009
Switzerland was feeling the heat on banking secrecy on Friday after the US stepped up its high-stakes tax probe against the biggest Swiss bank, UBS.