Published on December 31, 2024 at 10:30 p.m. / Modified on December 31, 2024 at 10:32 p.m.
2 mins. reading
From Migros to Nestlé via PrimeEnergyCleantech or Vetropack, Time returns for two weeks to the Swiss companies that marked 2024, companies whose difficulties reflect current economic issues and challenges.
The previous article: Meyer Burger, this phoenix struggling to rise from its ashes
Lack of equity, inadequate organization and faulty risk management: Finma painted a damning portrait of FlowBank by revealing that it was declaring bankruptcy on June 13. This extremely rare decision in the financial market put an end to less than four years of a turbulent existence for the Geneva online trading bank. His bankruptcy settlement is still ongoing.
Launched in the summer of 2020, FlowBank intended to carve out a place in a very competitive market by offering the lowest prices and using cutting-edge technology. This is what was then explained to the Temps Charles-Henri Sabet, the founder of the establishment and former backgammon and poker champion, finally dismissed with immediate effect on the morning of the bankruptcy by the liquidator in charge of this file.
Want to read all of our articles?
For CHF 29.- per month, enjoy unlimited access to our articles, without obligation!
I subscribe
Good reasons to subscribe to Le Temps:
- Unlimited access to all content available on the website.
- Unlimited access to all content available on the mobile application
- Sharing plan of 5 articles per month
- Consultation of the digital version of the newspaper from 10 p.m. the day before
- Access to supplements and T, the Temps magazine, in e-paper format
- Access to a set of exclusive benefits reserved for subscribers
Already have an account?
Log in
Swiss
