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Chief Financial Officer David Mathers responds to a journalist's question at a press conference to announce the annual results of Credit Suisse. His boss, CEO Brady Dougan, stands behind at the podium. The Swiss banking industry holds an estimated 4,000 billion Swiss Francs (USD 4,240 billion) in assets, more than half of it foreign, including CHF 880 billion in undeclared European assets alone, benefiting from the country's famous banking secrecy laws.