French Banque Hottinguer has “nothing to do” with Hottinger & Cie

Swiss financial market supervisor Finma has initiated bankruptcy proceedings against Zurich based private bank Hottinger & Cie, due to a risk of the bank becoming overly indebted.

French Banque Hottinguer stated in a press release that the firm has “nothing to do” with Finma’s proceedings against Hottinger & Cie.

The company, which is licensed by French financial authorities, said it does not have ties of any nature whatsoever with its Swiss almost namesake counterpart.

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