All banks are required and expected to protect the data of their clients.Bank privacy was introduced in the year 1934 under the Swiss Banking act and it had given birth to the concept of private banking.
There are many reasons for using banking privacy.They are used to conceal information from being leaked to friends,family members,employers and so on.They are also used to get protection from over-bearing,litigation,solicitation, but in spite of so many advantages it has often been criticized as a medium of secret economy.
