Banking in Switzerland - History

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:

    A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.
    David Hume (1711–1776)

    Gossip is charming! History is merely gossip. But scandal is gossip made tedious by morality.
    Oscar Wilde (1854–1900)

    History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
    But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.
    Georg Wilhelm Friedrich Hegel (1770–1831)