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E. Jerry James of American International Depository & Trust. The idea was to make Colorado a home for Swiss-style private banks that would attract millions, if not billions, of dollars from outside the U.S. The state would get a piece of the action, raking in millions from an assessment on the money these foreign capital depositories took in. It has now been nearly eight years since that legislation passed. The first one to get a charter, American International, is now battling banking regulators, who have brought an enforcement action against it. At the same time, regulators are trying to tighten the requirements on the industry through new rules and new laws. (EVAN SEMON/ROCKY MOUNTAIN NEWS) **** Benjy BrackmanE. Jerry James of American International Depository & Trust. The idea was to make Colorado a home for Swiss-style private banks that would attract millions, if not billions, of dollars from outside the U.S. The state would get a piece of the action, raking in millions from an assessment on the money these foreign capital depositories took in. It has now been nearly eight years since that legislation passed. The first one to get a charter, American International, is now battling banking regulators, who have brought an enforcement action against it. At the same time, regulators are trying to tighten the requirements on the industry through new rules and new laws. (EVAN SEMON/ROCKY MOUNTAIN NEWS) **** Benjy BrackmanE. Jerry James President of the American International Depository & Trust. James is leading an effort to make Colorado a home for Swiss-style private banks that would attract millions, if not billions, of dollars from outside the U.S. The state would get a piece of the action, raking in millions from an assessment on the money these foreign capital depositories took in. (EVAN SEMON/ROCKY MOUNTAIN NEWS) **** E. Jerry James

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