The Compass Finance affair rebounds – Le Temps

Revealed in April 2020 by Time, the Compass Finance case has seen significant developments in recent months. As a reminder, all customers of this independent management company had suffered considerable losses – often equal to or greater than their assets – during the collapse of the financial markets in March 2020. About ten complaints have been filed and hearings have been conducted in recent months. The bank holding these assets, Syz, recently made payments to some of the customers affected by this debacle. Finally, we know more regarding an older case, in which Compass is being sued following having generated significant losses for another client, whose assets were deposited in another bank between 2010 and 2015. All the individuals and entities mentioned in this article benefit from the presumption of innocence.