Two Geneva-based ex-bankers have taken out a full page advertisement out in the local newspaper Le Temps expressing their anger at how the Swiss government has handled the issue of banking secrecy.

Former Lombard Odier bankers Frank Guemara and Michel Yagchi believe the Swiss government has yielded too much to international pressure by comprising on banking secrecy. They expressed their views in the ad, which said: "Bank secrecy - to yield to threats can only encourage those who threaten us to make us yield more! That is enough!!"