Founded in 1912 by the merger of Bank in Winterthur (1862) and Toggenburger Bank (1863), Union Bank of Switzerland went international in the 1980s and 1990s. In 1997, it merged with Swiss Bank Corporation to create UBS AG, becoming the world leader in wealth management. In 2023, UBS makes a fast-track acquisition of Credit Suisse, creating a financial giant worth 1,600 billion dollars.
Traditional banking systems, such as SWIFT, are increasingly being challenged by blockchain. Discover how global finance is evolving with the adoption of blockchain, stablecoins, and CBDCs.
The Swiss banking system has fascinated the world for over a century.
Between political stability, legendary banking secrecy and capacity for innovation, Switzerland has built a unique model.
Even today, despite the end of banking secrecy and the Credit Suisse crisis, the country remains a pillar of global finance—thanks to trust, rigor, and its mastery of digital transformation.
In an uncertain global economic environment, Swiss banks such as UBS, PostFinance, Raiffeisen, and the cantonal banks are demonstrating remarkable resilience. UBS is facing regulatory challenges following its acquisition of Credit Suisse, while PostFinance is benefiting from rising interest rates. Raiffeisen, true to its cooperative model, continues to grow, and the cantonal banks, strong in their regions, are key players in the local economy. Discover the detailed analysis of their financial health and outlook for the future.
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