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What exactly is a 'Swiss bank', and how does it operate?

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Swiss Bank is not one particular bank. It refers to all the banks which are a part of the Swiss banking system. The reason Swiss banks are excellent places to hide black money is the guaranteed privacy. The Swiss government views the right to privacy as a fundamental principle that should be protected by all democratic countries. read more

Furthermore, Swiss law requires that banks have high capital requirements and strong depositor protection, which practically ensures that any deposits will be safe from financial crisis and conflict. In terms of privacy, Swiss law prevents the bank from disclosing any information regarding an account (even its existence) without the depositor's permission. read more

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Wikileaks opens a list of India's Black Money Holders. Is ...
Source: quora.com