Major Banks
As of 2008, there are 327 authorized banks and securities dealers in Switzerland, ranging from the "Two Big Banks" down to small banks serving the needs of a single community or a few special clients.
UBS and Credit Suisse are respectively the largest and second largest Swiss banks and account for over 50% of all deposits in Switzerland; each has extensive branch networks throughout the country and most international centres.
Due to their size and complexity, UBS and Credit Suisse are subject to an extra degree of supervision from the Federal Banking Commission.
Read more about this topic: Banking In Switzerland
Famous quotes containing the words major and/or banks:
“In the larger view the major forces of the depression now lie outside of the United States, and our recuperation has been retarded by the unwarranted degree of fear and apprehension created by these outside forces.”
—Herbert Hoover (1874–1964)
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Its I’ll not be a rank robber’s wife,
But I’ll rather die by your wee pen knife.
He ‘s killed this may and he ‘s laid her by,
For to bear the red rose company.”
—Unknown. Babylon; or, The Bonnie Banks o’ Fordie (l. 9–14)