FNG Exclusive… FNG has learned that Walder Wyss Ltd, liquidator of bankrupt Swiss neobroker / neobank FlowBank, has issued an update to former clients and creditors of the company indicating that it has been successful in returning the vast majority of funds to those clients and creditors.
The update also summarized the liquidator’s attempts to deal with client securities held at FlowBank at the time it was placed into bankruptcy by Swiss regulator FINMA back in June, including fractional shares.
Walder Wyss also said that it is still seeking a potential buyer for London Capital Group (LCG),…
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