Swiss bankers fear exodus of Chinese wealth – FT


Executives at major banks in Switzerland have warned that the country’s decision to support Ukraine-related sanctions against Russia is having a negative impact on their business, the Financial Times reported on Thursday.

The unnamed banking officials told the media outlet that rich clientele from China are seriously worried about depositing their money in Swiss banks, after Bern ditched its policy of neutrality by freezing billions in Russian assets as part of sanctions.


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