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Valiant Bank is a Swiss national banking and financial services corporation headquartered in Bern, Switzerland. [ 1 ] [ 2 ] Founded in 1997 through the merger of several regional banks it currently employs 1,100+ employees (2022) with 380,000 clients and an AUM of CHF 36.5 billion.
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Switzerland has a large economy and highly skilled labor force. Fifteen Swiss companies are included on Fortune's "Global 500" list (in 2011).As of 2018 the largest non-financial companies in terms of annual revenue were Glencore, Vitol and Trafigura, with Nestlé as the largest employer.
Christoffelgasse in Bern, historic headquarters of the bank. Marcuard & Co., founded by Johann Rudolf Marcuard in 1746, was a private bank based in Bern, Switzerland. One of the first banks in Switzerland, it quickly became one of the largest banks of the 18th century. [1] It was acquired in 1919 by Crédit Suisse.
Williams & Glyn's Bank (see Royal Bank of Scotland) Williams Deacon's Bank (constituent of Williams & Glyn's Bank) An extensive list of British banks can be found in Wellings and Gibb, Bibliography of Banking Histories Vol. I: Domestic Banks (1995) ISBN 0 9526727 0 7
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.
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. In 2021 the consolidated total assets of all cantonal banks were around 750 bln CHF, which is comparable with those of the "Big Banks": UBS and Credit Suisse . [ 1 ]