Question Can a Private bank (wealth management) in Switzerland that has had your account for +20 years suddenly close it?

[jafo]

Residency = Switzerland.
EU citizenship

Can a Private bank (wealth management) in Switzerland that has had your account for +20 years suddenly close it?

If affirmative, and you try but can't find another bank, what will happen to your money?

 

[JohnnyDoe]

jafo said:
Residency = Switzerland.
EU citizenship

Can a Private bank (wealth management) in Switzerland that has had your account for +20 years suddenly close it?
Click to expand...

Yes

jafo said:
If affirmative, and you try but can't find another bank, what will happen to your money?
Click to expand...

They will graciously wait until you find another bank

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