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The first customer was Swiss National Bank, followed by five other commercial banks in Switzerland. The system then spread worldwide although it has had little impact in America. [1] [2] Initially, the firm was called BZ Informatik, and its product “AdvAntAge”. In 1996, the current name was adopted. [4]
UBS Group AG [nb 1] is a multinational investment bank and financial services company founded and based in Switzerland.Headquartered simultaneously in Zürich and Basel, [9] it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
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 ...
Swiss bank accounts were utilised by the perpetrators of the 1Malaysia Development Berhad corruption and money laundering scandal. [142] More recent studies show that Credit Suisse alone held assets worth $100 billion over several decades which were linked to corruption and bribery to drug and human trafficking for more than 30,000 clients.
The current head office of BGE at Quai de l'Île was inaugurated in 1991 by the Banque Hypothécaire du Canton de Genève. The site was the location of numerous mills until the mid-19th century. [7] The Caisse hypothécaire was founded in 1847 by James Fazy. [10] The bank initially catered to a client base made up primarily of farmers. [11]
Barclays Bank (Suisse) SA, Geneva; Barclays Capital, Zurich Branch of Barclays Bank PLC, London; HSBC Private Bank (Suisse) SA, Geneva; IG Bank S.A., Geneva; Lloyds Bank plc, Londres, succursale de Genève, Geneva *Standard Chartered Bank (Switzerland) SA (No offices anymore in Switzerland)
To separate the recovering bank from the then-founded Dezennium-Finanz AG (DFAG), assets that did not comply with the Berner Kantonalbank’s new business and credit policy were transferred to DFAG in 1993. In order to support the restructuring of their bank, the canton of Bern allocated a total of CHF 1.45 billion over the subsequent years.
The Pictet Group, known as Pictet, is a Swiss multinational private bank and financial services company founded in Switzerland. Headquartered in Geneva, it is one of the largest Swiss banks and primarily offers services in wealth management, asset management, and asset servicing, to private clients and institutions.