Simply transfer stocks to ibkrWell that is unfortunate, what is happening with our stocks in a case like this?
Will they liquidate all the assets and we can withdraw it as CHF?
Or can we transfer our stocks to another broker like IBKR?
I think similar to Celsius or FTX, they will sell it and they will give back the remaining as cash at the end of the proceeding,
Man's tryna promote his Comorian banks once againbetter comoros bank , more safe
You are mistaken hereI think similar to Celsius or FTX, they will sell it and they will give back the remaining as cash at the end of the proceeding,
but they will reference it on today's prices so no matter if your crypto in FlowBank appreciates or goes down from now on.
Edit: Celsius gave back around 60% I think in BTC and ETH but they fixed the BTC price to 15k yet they transferred to customers when BTC was already above 30k, so actually users got back only like 30%.
You are right, I always thought of FlowBank as more of a broker or an EMI, I keep forgetting it was a real Swiss bank lol.You are mistaken here
You are comparing exchange with bank
Exchange needs crypto liquidity to process withdrawal
But FlowBank could have crypto custody at other banks
It would not be fair to sell asset without agreement of customer
I hope someone who holds crypto here with FlowBank can enlighten us
You are mistaken here
You are comparing exchange with bank
Exchange needs crypto liquidity to process withdrawal
But FlowBank could have crypto custody at other banks
It would not be fair to sell asset without agreement of customer
I hope someone who holds crypto here with FlowBank can enlighten us
I already mentioned...this is all I get when I try log in:You are right, I always thought of FlowBank as more of a broker or an EMI, I keep forgetting it was a real Swiss bank lol.
Update thread please when they reach out to you
Better Swissquote, safer, cheaper, can't go bankrupt. Share at all-time high.csp dubai said:
better comoros bank , more safe
that was ironic , any way this prove ch after credit suisse is not best place to park your money , your savings should be in big contries in big banks, societe generale , credit agicole , commerz bank, dbs ocbc, hsbc unicredit barclays
What would have these people even been doing all day?
VetternwirtschaftWhat sort of business plan did they present to Finma in first place
Very few people know about this!ch is very well known to be unsafe for investor, the prosecutor in ch will block your account att will for years, and you have to wait 10 years to unblock your funds because the bank wll use that to use your funds, if yo want a safe haven not use ch
they can totally lend out the securities without you knowing it. Might even be completely legal since its buried deep inside the terms.Well, how can one offer Swiss salaries when employing 140 individuals for that asset size?
It does not make so much sense. What would have these people even been doing all day?
680M in cash - maybe you can work with that. But in securities? You can't monetize that - it belongs to the account owner and they could work with it on their own/manage it themselves. At least with cash, the bank can lend it, low risk MMF, bonds whatever - all would probably be more profitable than this.
totally true, idk why swiss banking is still perceived to be the endgame and seemingly everyone still wants it.This situation could undermine confidence in the Switzerland bank's stability and affect customer trust for all banks
ch is very well known to be unsafe for investor, the prosecutor in ch will block your account att will for years, and you have to wait 10 years to unblock your funds because the bank wll use that to use your funds, if yo want a safe haven not use ch , if your funds are declared use a french bank they are highly regulated and they will not play any joke
they did not launder enough money to generate profit to cover cost of compliance
This situation could undermine confidence in the Switzerland bank's stability and affect customer trust for all banks.
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