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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“Modern Western thought will pass into history and be incorporated in it, will have its influence and its place, just as our body will pass into the composition of grass, of sheep, of cutlets, and of men. We do not like that kind of immortality, but what is to be done about it?”
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—Leon Trotsky (1879–1940)