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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 ...
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.
According to Haitian authorities, Jean Claude Duvalier had nearly $300 million of Haitian people's money hidden in Swiss bank accounts. [137] Then-Nigerian President Sani Abacha is said to have stolen over a billion dollars in the 90's from his country, some of it hidden in Swiss bank accounts. [138] [139]
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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 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 ...
L.E. Marckx was a naturalised British citizen, but the other two partners were German nationals. The firm opened and operated a bank account with the Swiss Bank Corporation. No attempt was made to wind up the partnerships' affairs during World War I. On 1 August 1914 Siegfried Joachimson died.
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.