April 23, 2009

One-man bank

Clients trust him more than big banks.

Flavian Kippel manages and runs all by himself one of the smallest banks in Switzerland, the Spar und Leihkasse in the village of Leuk, in the southwest. Since the start of the global financial crisis, when Lehman Brothers went bust, more and more clients have been entrusting him with their savings. (SF/swissinfo)