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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 ]
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 ]
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 ]
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Swiss International Air Lines: Consumer services Airlines Basel: 2002 Airline, part of Lufthansa: P A Swiss Life: Financials Life insurance Zürich: 1857 Life insurance P A Swiss National Bank: Financials Banks Bern: 1906 Central bank S A Swiss Post: Industrials Delivery services Bern: 1849 Postal services S A Swiss Private Aviation: Consumer ...
Less than a year earlier, BTG Pactual had bought the Swiss bank from the Italian Generali for CHF 1.25 billion. According to EFG and BSI plans, the deal will save them 185 million Swiss francs per year until 2019. The brands of both companies have survived. [1] In 2023, the bank continued to expand, surpassing its recruitment plan.
72.6% of the bank's capital is held by the Geneva public authorities (the State of Geneva holds 44.3%, the city of Geneva holds 20.9%, while the Geneva municipalities hold 7.4%). The rest of the capital (27.4%) is traded on the SIX Swiss Exchange, where the bank is listed.