December 12, 2010 - Phil Hodgen

Which foreign bank is next in line?

I vote for Bank Julius Baer.  Ed Robbins says it will be HSBC.

HSBC is plausible — they have offices in the United States.  They’ll be faced with losing their banking license in the USA or throwing its customers under the bus.  Hmmm.  Not a hard decision for a CEO.

Bank Julius Baer doesn’t have any US offices.  They do have some history, however.  Google the brushup between Bank Julius Baer and Wikileaks from a few years ago.

Wagers, anyone?

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