Banking in Switzerland - History


Banking began in the eighteenth century by way of the riches of merchants. Wegelin & Cie is the oldest bank in Switzerland, established during 1741. Hentsch & Cie and Lombard Odier both private banks were founded in 1796 in Geneva, Pictet and Cie was established in 1805 as a merchant bank. Hentsch & Cie were a founding member of the Swiss National bank during 1852.

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