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.
Read more about this topic: Banking In Switzerland
Famous quotes containing the word history:
“In the history of the United States, there is no continuity at all. You can cut through it anywhere and nothing on this side of the cut has anything to do with anything on the other side.”
—Henry Brooks Adams (1838–1918)
“I saw the Arab map.
It resembled a mare shuffling on,
dragging its history like saddlebags,
nearing its tomb and the pitch of hell.”
—Adonis [Ali Ahmed Said] (b. 1930)
“Racism is an ism to which everyone in the world today is exposed; for or against, we must take sides. And the history of the future will differ according to the decision which we make.”
—Ruth Benedict (1887–1948)