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Due to Switzerland’s declared military neutrality in World War II, Swiss banks had been a safe haven for Jewish assets before and during the war. The Holocaust saw the genocide of approximately six million Jews, which included individuals who had deposited their funds into Swiss banks. Since the end of World War II, some individual heirs to ...
The German government seized policies held by German Jews and cashed them in with the Swiss companies, according to German laws passed by the Nazi government. After the war, the Swiss companies mainly refused to redeem policies held by holocaust victims and their heirs, arguing that the amounts had already been paid out according to German law.
AXA Bank Europe, Brüssel, Zweigniederlassung Winterthur Fortis Banque, SA/NV, Bruxelles, Succursale de Zurich STRATEO, Genève, Succursale de Keytrade Bank SA, Bruxelles , Geneva
[48] [49] Swiss banks, insurance companies and trusts have a legal obligation to comply but charitable Swiss foundations are so far exempt. [48] [50] As of 2019, Switzerland received financial data from 75 countries and shared data with 63 (over 100 countries starting in 2023) representing 3.6 million accounts as of 2023. Around 9000 banks ...
In the European region, there are multiple stock exchanges among which five are considered major (as having a market cap of over US$1 trillion): . Euronext, which is a pan-European, Dutch-domiciled and France-headquartered stock exchange composed of seven market places in Belgium, France, Ireland, the Netherlands, Italy, Norway, and Portugal.
Swiss Bank Corporation: Financials Banks Basel: 1854 The merger with Union Bank of Switzerland created UBS: P D SBB-CFF-FFS: Industrials Railroads Bern: 1902 State railway S A SwissGear: Consumer goods Clothing & accessories Delémont: 2002 Clothing and luggage, part of Wenger: P A Swiss Global Air Lines (SWISS) Consumer services Airlines ...
ING Group is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. With a history dating back to 1737, Van Lanschot Kempen is the oldest independent bank in the Netherlands , [ 48 ] the oldest independent bank in the Benelux [ 49 ] [ 50 ] and one of the oldest independent banks in the world.
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. The largest banks were UBS and Credit Suisse, and the largest insurance company was Zurich Insurance Group.