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Swiss Bankers Suddenly Bashful About Listing “Sparkling Water,” “Hooker For Client” On Expense Reports

To that end, Hans in accounting is also getting a little too pushy with the “Was this prostitute really necessary? Is this threesome going to help Q4 revenue?” line of questioning.

Zurich’s red-light district is dimming. Bankers who have been core patrons of the city’s sex industry and cabarets are curbing spending. The venues of Langstrasse — or long street — are closing, replaced by hipster bars, techno clubs and even a backpackers’ hostel. Like the finance industry, the sex trade has opted for a lower profile. “Times have changed,” said Kevin Joliat, the manager of the Petit Prince nightclub in central Zurich. “Bankers really have to show who the client was, why they spent the money and was it really necessary,” said Joliat, who once worked at Zuercher Kantonalbank, Switzerland’s largest state-owned bank. The decline of erotic entertainment highlights a changing culture in Zurich as banking jobs ebb and public opinion turns against inflated bonuses. That and smaller budgets for entertaining customers have deprived the clubs and bars of a key customer base. Bank rules on expenses have become stricter, said Balz Stueckelberger, head of the Employers Association of Banks in Switzerland, which is based in Basel. “People use a more targeted approach now, with more processes and rules,” he said. “Nightclubs don’t feature in those.” […] Bankers — who once ordered a la carte, drank wine, cognac or grappa and tipped generously — now often opt for mineral water and set-price menus, said Sepp Wimmer, who runs the Zunfthaus zur Waag restaurant, about 50 meters from Paradeplatz, the heart of Zurich’s banking district. “People go all-out less than before,” he said.

Red-Light District Dims as Zurich Bankers Curb Spending [Bloomberg]

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6 Responses to “Swiss Bankers Suddenly Bashful About Listing “Sparkling Water,” “Hooker For Client” On Expense Reports”

  1. mailroom anlyst says:

    a la carte is usually cheaper than set priced menus. They are usually tasting menus with optional wine paring.

  2. Jimmy says:

    "is that wrong" Mike Stewart said I could have one sizzz kick

  3. Silver Belles says:

    The Swiss are strange. My sister got a 250 Swiss franc fine for walking around her apartment in high heels after 8 pm. Apparently Zurich has quiet hours.

    • Guest says:

      Are we supposed to believe she got 250 swiss franc just for walking around her apartment in high heels? Also, it's spelled fee, not fine.

  4. JJ Minihann says:

    First they change the bank secrecy laws , but this is going too far

  5. JoeMomma says:

    Take a lap and think things over before you make a complete disgrace of yourself