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Senior bankers at Credit Suisse, Chief Financial Officer Renato Fassbind (centre) and Chief of Private Banking Walter Berchtold (right) attend a press conference hosted by their CEO Brady Dougan (seen in silhouette responding to journalists). 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.