The withdrawal of Chinese customers from Swiss banks

According to the report of the International Economic Group of Fars News Agency, the website of the London edition of the Financial Times newspaper wrote on Wednesday that due to the sanctions imposed by the West against Russia, the Chinese are afraid of keeping their money in Swiss banks.

According to the report, the heads of Switzerland’s largest banks say their wealthy Chinese clients are worried about keeping their money in Switzerland because of Switzerland’s tough approach to enforcing sanctions against Russia.

As one of the board directors overseeing his bank’s Asian deposits said, “This was not only unexpected but also shocked us because Switzerland has abandoned its neutral position.”

He added: I have statistical evidence that hundreds of customers who were looking to open an account are not now.

The Financial Times spoke to the heads of six Swiss banks, among the country’s 10 largest financial institutions, about working with private clients, and they all told a similar story.

Many of them expressed concern about the dire impact this would have on the country’s profits and trade and its vital resources for future growth.

According to one of the bankers, the issue of fines and penalties late last year was a concern for customers and they often asked if their money was safe with us.

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