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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]
Zurich Cantonal Bank (German: Zürcher Kantonalbank, or ZKB) is the largest cantonal bank and fourth largest bank in Switzerland, with total assets of over CHF 150 billion. [ 1 ] ZKB, as an independent, incorporated public-law institution, is wholly owned by the canton of Zürich .
ONE Swiss Bank SA; Bordier & Cie; Compagnie Bancaire Helvétique; Edmond de Rothschild Group; Geneva Swiss Bank; Gonet & Cie; E. Gutzwiller & Cie, Banquiers; Habib Bank AG Zurich; Lienhardt & Partner Privatbank Zürich; Reichmuth & Co; REYL Group; Union Bancaire Privée; Rahn+Bodmer Co. Vontobel; Mirabaud Group
In 1985, the PostFinance system was integrated to include financial services such as current accounts and postal banking. [45] Also under Nobel, in the first half of 1986, the postal service began the national implementation of the ISDN internet network, [46] which was launched in 1988, [47] and in 1987, the videotex/teletext system was ...
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.
On September 10, 1985 GKB was listed on the Swiss Stock Exchange. In 1998 it received in writing a guarantee from the Swiss government of 100% back-up for its savers' money. In the same year GKB purchased the private Zurich bank Bellerive. In more recent times, the company has begun working with the Private Client Bank in Zurich.
Banking in Switzerland, in particular Swiss banking secrecy practices, has been detailed in global popular culture to varying degrees of accuracy. According to official statements from the Swiss National Film Archives, inaccurate or exaggerated portrayals negatively impact Switzerland by reducing bankers to unflattering " caricatures " that are ...
A bank clearing number or BC number is a number used for the identification of financial institutions in Switzerland and Liechtenstein. Bank clearing numbers are connected to the Swiss Interbank Clearing and the euroSIC system. Bank clearing numbers consists of 3 to 5 digits.