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Gnomes of Zurich

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Gnomes of Zurich
A pejorative term for bankers in Switzerland. They acquired this nickname because of their reputation for discrete and indeed secretive policies. Harold Wilson coined the term in 1956 when he was the British shadow chancellor of the exchequer and believed that Swiss bank speculators were artificially weakening the pound.
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The heads of the big Swiss Banks - the legendary Gnomes of Zurich - once noted for their peerless discretion -have come under pressure to open up their books where their accounts are believed to be used in serious crime.
Commercial Transactions - Money Laundering - A Study by Artur Victoria by Artur Victoria / Finance and Investment community
He wants the land of the cuckoo clock, the gnomes of Zurich and Alpine mountains abolished -- and the land shared between its neighbours France, Italy and Germany.
Gaddafi in bid to wipe out Swiss; POLITICS by The Mirror (London, England)
The Gnomes of Zurich (and Beijing, and …) For the past two decades, central banks have been dishoarding their gold at a pretty decent clip and have been a major source of the metal hitting the market.
Supply side economics: How is gold going to fare this year? by Doug Hornig / Stockhouse
 
 
 
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