‘Government espionnage a new threat for Swiss banks?’

Published on 11 June 2013 at 09:08

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According to information revealed to The Guardian by Edward Snowden – a former CIA technician turned whistleblower – in 2007, the American National Security Agency (NSA) set a trap for a Swiss banker, whom it subsequently recruited with a view to obtaining “secret banking information.”
Le Temps wonders about the threat to financial institutions posed by government spying, which “the banks do not seem to have identified as a specific risk.”
At the same time, the daily notes that —

… Swiss secret services, which appeared very foolish last year when they allowed a computer technician to get away with millions of data records, will no doubt be smiling about the current embarrassment of their American colleagues.

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