Finance

Swiss prosecutors drop probe into banking blog

Published by Global Banking & Finance Review

Posted on December 24, 2025

1 min read

· Last updated: January 20, 2026

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ZURICH, Dec 24 (Reuters) - Prosecutors in Zurich have ended an investigation into a leading Swiss banking blog whose offices were raided this summer on suspicion it had breached banking secrecy laws.

Swiss Prosecutors End Investigation Into Banking Blog

ZURICH, Dec 24 (Reuters) - Prosecutors in Zurich have ended an investigation into a leading Swiss banking blog whose offices were raided this summer on suspicion it had breached banking secrecy laws.

Police had searched the offices and home of the founder of Zurich-based blog Inside Paradeplatz, confiscating a laptop, a mobile phone and documents in a probe over reporting published in 2016 about a former boss of bank Raiffeisen Switzerland.

Based on later findings by a Zurich court that reasonable suspicion against the founder was not met, and that protection of journalistic sources prohibited use of the evidence gathered, prosecutors for the canton of Zurich decided to drop the probe.

In a statement, prosecutors said the proceedings were discontinued on December 8 after a further review, but noted that the order was not yet legally binding.

The raid on the blog stirred concern among advocates of press freedom in Switzerland.

(Writing by Dave Graham. Editing by Mark Potter)

Key Takeaways

  • Zurich prosecutors ended the probe into Inside Paradeplatz.
  • The investigation was about alleged breaches of banking secrecy.
  • A court found no reasonable suspicion against the blog's founder.
  • Journalistic source protection prohibited evidence use.
  • The raid raised concerns about press freedom in Switzerland.

Frequently Asked Questions

What is banking secrecy?
Banking secrecy refers to the legal principle that a bank must keep a client's financial information confidential, protecting it from disclosure to third parties without the client's consent.
What is a banking blog?
A banking blog is an online platform where individuals or organizations share insights, news, and analysis related to banking, finance, and economic trends.

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