ZURICH: Britain lost $1.5 trillion (1.4 trillion euros) in household wealth in 2016, a blow caused by the pound's free-fall after the Brexit vote, Switzerland's second largest bank Credit Suisse said Tuesday. A full 406,000 Britons lost their status as dollar millionaires this year, Credit Suisse added in its latest annual Global Wealth Report. "The United Kingdom had a tumultuous year," the report said, describing the household wealth losses as "a direct consequence of the Brexit vote." "Wealth per adult has…
ZURICH: At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources.