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A view of trams during rush hour in Paradeplatz, the symbolic centre of the Swiss banking industry, showing the headquarters of Switzerland's two largest banks, UBS (top, background) and Credit Suisse (right). Between them they hold assets several times larger than the Swiss economy. The Swiss banking industry holds an estimated 6,352 billion Swiss Francs (USD 7,000 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.