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swiss banker meaning

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TonyMarco | 14:52 Fri 20th Jun 2003 | People & Places
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which mythical creature means swiss banker?
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isn't that just rhyming slang?
A gnome. In the mid-1960s, the Prime Minister, Harold Wilson, referred to Swiss bankers as "the gnomes of Z�rich". This was because they were speculating in British currency and hiding all the gold in their subterranean vaults, just as gnomes supposedly did in caves according to fairy tales.

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