Bringing you live news and features since 2006 

Bank Frey & Co AG to cease operations

RELATED TOPICS​

Bank Frey & Co AG has is to cease business activity following an extraordinary general meeting of shareholders held at the request of the bank’s Executive Board.

The decision stems from the increasingly difficult market conditions, ever-growing regulations and the unsustainable requirements that smaller private banks are required to comply with, in part as a result of the tax dispute with the USA. 

In recent months Bank Frey has seen costs and expenditures escalate to such an extent that they are no longer sustainable for a small private bank, especially when it desires to remain competitive in the best interests of its clients. This is due to the increasingly frequent and ever stronger regulation of financial institutions.

Chairman of the Board of Directors Dr Markus A  Frey says: “As a result of developments in recent years, circumstances and challenges have presented themselves, especially in Switzerland, that mean it no longer makes sense for a small bank to continue its cross-border services. Bank Frey will therefore cease its operative business activities as a bank.”


Bank Frey is financially healthy and will not be liquidated. The decision to cease banking activities was taken voluntarily and as a result of an analysis of the overall circumstances.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by