Why high-net-worth Americans are banking in Switzerland

Some wealthy Americans are fleeing the United States—with their money, at the very least. The uncertainty wrought by President Donald Trump's second term in office has benefitted Swiss banks, as there's been an uptick in the number of Americans seeking to open banking and investment accounts in recent months, according to reporting by CNBC and The Financial Times. Swiss banks have a long reputation for offering strong financial stability, asset protection, and client confidentiality.

While the recent wave of account openings is notable, it's a familiar phenomenon: Past periods of turmoil in the U.S. have also seen Americans taking their money to Switzerland.



The interest now is comparable to the 2007-2008 financial crisis, a wealth management advisor told The Financial Times last month. "It comes in waves," Pierre Gabris, CEO of Alpen Partners International, a Swiss..

. Anna-Louise Jackson.