Migros Bank is a Swiss bank founded in 1958 by Gottlieb Duttweiler and belongs to the Federation of Migros Cooperatives.
[1] It has 67 branches in Switzerland (20 new between 2008 and 2016).
[3] In 2015, it has a balance sheet of 42 billion Swiss francs and an income of 226 million.
[3][2] In April 2020, Migros Bank agreed to pay German justice authorities around 2.4 million euros to settle allegations that it allowed German clients to evade taxes.
[4] In 2022, Migros Bank's Chairman of the board of directors, Fabrice Zumbrunnen, announced that he would be stepping down from his position.