As reported by Le Temps, the CEO of Bank Syz & Co confirms that the bank will not participate in the US Tax Program. After scrutinizing their clients and taking advice, the bank has decided not to participate in the US Tax Program. The fact that the bank is young and does not seem have inherited US issues helped to take the decision says Eric Syz.

The bank will announce its full year result in March and change its name to Syz in February. It has expansion plans abroad for 2015.