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Senior bankers at Credit Suisse attend a press conference to announce their annual results, which were disappointing, causing a drop in shareprices. At centre is Walter Berchtold, Chief of Private Banking. 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.