Bloomberg News

Notenstein Will End Third-Party Dollar Transactions, F&W Says

February 04, 2012

Feb. 4 (Bloomberg) -- Notenstein Privatbank AG will “immediately” cease payment transactions in dollars on behalf of third-party banks, Finanz & Wirtschaft reported, citing an internal document from the bank.

The moratorium includes both customer and inter-bank transactions, the Swiss newspaper reported.

--Editors: Linda Shen, Kristen Hallam

To contact the reporter on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net


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