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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.
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] Some cantonal banks offer 100% deposit insurance to their clients, [ 2 ] whereas Swiss-domiciled banks are insured for a maximum of 100,000 CHF via the esisuisse deposit insurance scheme.
In 2015, Postfinance was declared a "Systemically important financial institution" in Switzerland by the Swiss National Bank, which means the bank must follow special regulations with regard to liquidity and equity. At the same time, obtaining the banking licence meant that the state guarantee was finally abolished in 2017. [12] [13]
AEK Bank 1826 (until 2006 Amtsersparniskasse Thun) is a Swiss regional bank providing services for the Thun region. It was founded in 1826 and is organized as a cooperative . The business area is the canton of Bern .
The Swiss National Bank provided 1.2 billion CHF to the Reichsbank. Of this, a value of approximately 780 million CHF of the gold given to the National Bank was gold which had been looted by the forces of Germany. In addition the National Bank also exchanged between 1.2 and 1.6 billion CHF for gold from the Allied forces. [11]
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.