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Collapse of MBaer Merchant Bank AG Raises Concerns for Corporate Clients Including Ferrexpo
The sudden failure of MBaer Merchant Bank AG has triggered considerable uncertainty among its corporate clientele, notably global iron-ore producer Ferrexpo. The mining group has cautioned investors that the bank’s liquidation could adversely affect its operations if alternative banking arrangements are not secured in a timely manner. Ferrexpo revealed that its Swiss subsidiary had relied on the now-defunct institution for a range of financial services. With regulators forcin
10 hours ago2 min read
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