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New Swiss challenger bank gears up for launch

News Team, 05/08/2020

The former chief executive of a London trading firm has announced he is setting up a digital challenger bank in Switzerland, with the new venture just having received its banking licence.

Launching in the autumn, FlowBank will initially provide multi-currency bank accounts and a trading account which gives access to more than 50 financial markets.

It has been set up by Charles-Henri Sabet, who was chief executive of London Capital Group – a trading platform – between 20...


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