Outside of private banking, U.S. banks are most noticeable in Switzerland by their absence.

Daunted by a lackluster Swiss economy and the presence of some of the world's most formidable homegrown banks, U.S. banks have kept a low profile here. Banks such as Bank-America Corp., Citicorp, J.P. Morgan & Co., and Bank of New York Co. do handle corporate banking, but it remains limited.

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