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The Swiss National Bank (SNB; German: Schweizerische Nationalbank; French: Banque nationale suisse; Italian: Banca nazionale svizzera; Romansh: Banca naziunala svizra) is the central bank of Switzerland, responsible for the nation's monetary policy and the sole issuer of Swiss franc banknotes. The primary goal of its mandate is to ensure price ...
When foreign clients deposit holdings into a Swiss bank account, the bank is legally prohibited from disclosing balances or client information to tax authorities. [159] This prohibition can only be waived if the client has produced a written statement of consent or a financial crime has been directly linked to the bank account. [159]
The Swiss Bankers Association is a professional organization of Swiss financial institutions. Background The trade association known as the Swiss Bankers Association was founded in 1912 in Basel, Switzerland. It is the primary industry group representing the Swiss Banks to the government of Switzerland and to the governments of other states. The unity provided by this organization allows the ...
Pages for logged out editors learn more. Contributions; Talk; Swiss bank account
Swiss Bank Corporation (French: Société de banque suisse; German: Schweizerischer Bankverein) was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland, with over CHF 300 billion of assets and CHF 11.7 billion of equity.
Currently they are in the process of being partially privatized. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel. As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland.
The ABS responded to the introduction of negative interest rates by the Swiss National Bank and, since 1 April 2015, the ABS for the time being paid no more interest on all settlement accounts. Since end of January 2015, the Swiss banks have to pay on their deposits with the National Bank (SNB) an interest rate of 0.75%. [9]
The office is the executive body of the Association of Swiss Cantonal Banks. It forms a link in day-to-day business both between the association and its members and between the association and the federal authorities and institutions. It also represents the Cantonal Bank Group in dealings with the media and the public.