Falcon Private Bank Becomes First Swiss…

Zurich-based Falcon Private Bank is close to folding, after a four-year struggle. The bank will say this week that it first has sold the client portfolios, that it will hand back the banking license, before going into liquidation, according to a report by «Neue Zuercher Zeitung» (behind paywall).

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Origin of Falcon Private Bank. Falcon Private Bank AG is a Swiss private bank specializing in wealth management and related financial services, headquartered in Zurich. The bank was founded 1965 as Ueberseebank and was then renamed to AIG Private Bank in 1998. Following a change of ownership, the name Falcon Private Bank was launched in 2009.

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12/07/2017  · With the launch of the first of their crypto-asset management products, a product that allows clients to buy, hold and sell Bitcoin (XBT/BTC) through Falcon Private Bank Becomes First Swiss Bank to.

A press release from Falcon Private Bank earlier today announced that FINMA has given Falcon Private Bank the approval, making the bank the first Swiss banking institution to.

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