FT spoke about the secret club of the largest European bankers – Kommersant
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In Europe, for several decades there has been a secret club of major financiers and bankers, where meetings with leaders of different countries and chairmen of central banks are held, a British newspaper reports. Financial Times (FT).
The last meeting of this club of the largest financiers and bankers in Europe, according to FT information, took place at the Dolder Grand Hotel in Zurich in October 2023.
The event lasted three days, and was attended by Swiss Finance Minister Karin Keller-Sutter and the head of the country’s Central Bank, Thomas Jordan. The FT claims that the meeting discussed the collapse of the Swiss bank Credit Suisse, its merger with UBS in the spring of 2023, as well as “a number of other issues.”
A closed club of bankers and officials, according to journalists, was created under the auspices of the International Institute for Banking Studies (IIEB) in 1950 in Paris. During club meetings, the heads of Europe’s largest banks can discuss mergers and acquisitions, as well as the formation of global policy, behind the scenes. Events, as a rule, are held in luxury hotels and palaces in a confidential manner: audio and video recording of club meetings is prohibited, and the schedule of meetings and the full composition of their participants are also classified.
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