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
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“There is no history of how bad became better.”
—Henry David Thoreau (1817–1862)
“The basic idea which runs right through modern history and modern liberalism is that the public has got to be marginalized. The general public are viewed as no more than ignorant and meddlesome outsiders, a bewildered herd.”
—Noam Chomsky (b. 1928)
“The custard is setting; meanwhile
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Unfinished concepts that can never bring themselves to the point
Of being, with or without my help, if any were forthcoming.”
—John Ashbery (b. 1927)