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:
“Self-centeredness is a natural outgrowth of one of the toddler’s major concerns: What is me and what is mine...? This is why most toddlers are incapable of sharing ... to a toddler, what’s his is what he can get his hands on.... When something is taken away from him, he feels as though a piece of him—an integral piece—is being torn from him.”
—Lawrence Balter (20th century)
“The wide wonder of Broadway is disconsolate in the daytime; but gaudily glorious at night, with a milling crowd filling sidewalk and roadway, silent, going up, going down, between upstanding banks of brilliant lights, each building braided and embossed with glowing, many-coloured bulbs of man-rayed luminance. A glowing valley of the shadow of life. The strolling crowd went slowly by through the kinematically divine thoroughfare of New York.”
—Sean O’Casey (1884–1964)