How Geneva's private banks discourage staff from living in France

May 22, 2019 By La rédaction de Mediapart

While wealth-managing firms in the Swiss city close to the French border say that it is to support the local economy that they encourage employees to live locally instead of in cheaper France, banking secrecy concerns are also behind the policy.

Reading articles is for subscribers only. Subscribe now.

Geneva’s private banks have a little known rule that’s rarely discussed with outsiders, reports Bloomberg.

Your choice for your data

To make the Mediapart website and mobile application available to you we use cookies or similar technologies that allow us to collect information about your device.

Some of these technologies are necessary to make our services work properly: you cannot refuse them. Others are optional but help facilitate your experience as a reader and in some way support Mediapart : you can give or withdraw your consent at any time.

Do you agree that Mediapart may use cookies or similar technologies useful to its operation ?

Refine my choices

The cookies and similar technologies we use on Mediapart are of different natures and allow us to pursue different purposes.

Some are necessary for the functioning of the site and the mobile application (you cannot refuse them). Others are optional but help to facilitate your experience as a reader and in some way support Mediapart. You can refuse or accept them below, depending on their purpose.

Do you agree that Mediapart uses cookies or similar technologies for the following purposes ?

You can make your choice, for each category, by enabling or disabling the switch button.

Mandatory for the operation
of the site or application

Subscriber login, anonymized audience measurement, sending of push notifications, tracking of failures, highlighting of our services these tools are necessary to track the activity of our services and their proper functioning.

How Geneva's private banks discourage staff from living in France

You are a subscriberLogin

If you are not already a subscriber,subscribe here

You are a subscriber
Login

If you are not already a subscriber,
subscribe here