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In the summer of 2013, GE Money Bank was to be sold to the Aduno Group, but the transaction fell through at the last moment. [5] This was followed by the IPO as Cembra Money Bank AG in the fall of 2013. [6] The successful IPO is considered the first major IPO on the Swiss stock exchange in a long time. [7] The name Cembra is derived from the ...
GE Money Bank was the largest provider of small consumer credits in Switzerland. In 2006, the company partnered with Migros , allowing them to offer credit cards contracts through Migros. The Bank is now Cembra Money Bank [ 54 ] [ circular reference ] and went public through an initial public offering (IPO) in 2013.
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 ]
Since 2013, Postfinance holds a banking licence and is under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). In 2015, Postfinance was classified as systemically important by the Swiss National Bank in Switzerland and must comply with special rules on capital adequacy and liquidity and submit an emergency plan. [6]
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)
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