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Postfinance Ltd (own spelling PostFinance) is a subsidiary company of the state-owned Swiss Post, [3] whose foundations date back to the early 20th century as the financial services department of Swiss Post. [4] Postfinance is active in retail banking and business client business and as such is one of the largest Swiss financial institutions. [5]
The Swiss Financial Market Supervisory Authority (FINMA) [a] is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland . [ 2 ]
Numbered bank accounts are bank accounts wherein the identity of the holder is replaced with a multi-digit number known only to the client and selected private bankers. [ 1 ] [ 2 ] Although these accounts do add another layer of banking secrecy , they are not completely anonymous as the name of the client is still recorded by the bank and is ...
In exchange for banking services, the Swiss government charges "a low, lump-sum option on the money they bank", after which Swiss tax authorities consider client tax burdens "settled". [161] After the Banking Law of 1934 was passed, Swiss bankers traveled across Europe to advertise the country's banking secrecy during World War II . [ 7 ]
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By 1866 the Swiss Post decided to buy their own post wagons. [ 65 ] [ 54 ] In later years wagons with three and four axles were purchased. [ 65 ] [ 54 ] The wagons with 4 axles were equipped with compartments in which the mail was sorted [ 65 ] and by 1965, over sixty postal train lines had come into service. [ 40 ]
Job searching is conducted online by 33% of the population. In the realm of e-commerce, 87% of users research products, 82% make purchases, 76% compare prices, and 36% sell items online. The study also finds that 77% of Swiss internet users utilize online banking services. [9]
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...