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A view of trams on Paradeplatz, the symbolic centre of the Swiss banking industry, from the entrance to the headquarters of UBS, Switzerland's largest bank. 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.