Switzerland’s private banks have started to ban their top executives from traveling abroad, even to neighbouring France and Germany, because of fears they will be detained as part of a global crackdown on bank secrecy.
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Royal Bank turns $1.05-billion profit in first quarter
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Royal Bank (TSX:RY) has turned in a first-quarter profit of $1.05 billion, down 15 per cent from last year's $1.25 billion but above levels expected by most analysts.
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