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.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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