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PostFinance
PostFinance is the financial services unit of Swiss Post which was founded in 1906. It is the fifth largest retail financial institution in Switzerland. Its main area of activity is in the national and international payments and a smaller but growing part in the areas of savings, pensions and real estate. PostFinance is fully-owned by the Swiss government.Samuel GerberPostfinance: Why the End of the Ban Matters ''Finews.com'', 6 September 2018 History In 2013, the Swiss Financial Market Supervisory Authority (FINMA) awarded PostFinance a bank licence. In 2015, PostFinance was declared a "Systemically important financial institution" in Switzerland by the Swiss National Bank, which means the bank must follow special regulations with regards to liquidity and equity. In 2016, PostFinance started to levy a 1% annual fee on deposits of above 1 million francs. In 2020, PostFinance's profits fell to 131 million Swiss francs (from 246 million in 2019 and 229 million francs in 2018) a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bern
german: Berner(in)french: Bernois(e) it, bernese , neighboring_municipalities = Bremgarten bei Bern, Frauenkappelen, Ittigen, Kirchlindach, Köniz, Mühleberg, Muri bei Bern, Neuenegg, Ostermundigen, Wohlen bei Bern, Zollikofen , website = www.bern.ch Bern () or Berne; in other Swiss languages, gsw, Bärn ; frp, Bèrna ; it, Berna ; rm, Berna is the '' de facto'' capital of Switzerland, referred to as the "federal city" (in german: Bundesstadt, link=no, french: ville fédérale, link=no, it, città federale, link=no, and rm, citad federala, link=no). According to the Swiss constitution, the Swiss Confederation intentionally has no "capital", but Bern has governmental institutions such as the Federal Assembly and Federal Council. However, the Federal Supreme Court is in Lausanne, the Federal Criminal Court is in Bellinzona and the Federal Administrative Court and the Federal Patent Court are in St. Gallen, exemplifying the federal nature of the Confederati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Switzerland
Systemically Important Banks Globally Systemically Important Banks *UBS, UBS Group AG *Credit Suisse, Credit Suisse Group AG Domestically Systemically Important Banks * Zurich Cantonal Bank * Banque cantonale vaudoise * Raiffeisen (Switzerland), Raiffeisen * PostFinance Top-tier Swiss banks Other Swiss-based banks with a significant presence domestically and overseas with considerable assets under management. *Julius Baer Group *Vontobel *Pictet Group *Lombard Odier *J. Safra Sarasin *Union Bancaire Privee *EFG International Family-owned Swiss banks *:de:Banque Heritage, Banque Heritage *Banque SYZ, Bank SYZ *Bordier & Cie *CBH Bank, Compagnie Bancaire Helvétique *Edmond de Rothschild Group *:fr:Geneva Swiss Bank, Geneva Swiss Bank *:de:Gonet & Cie, Gonet & Cie *E. Gutzwiller & Cie. Banquiers, E. Gutzwiller & Cie, Banquiers *Habib Bank AG Zurich *Hyposwiss Private Bank Genève SA *Landolt & Cie *Lienhardt & Partner Privatbank Zürich *Reichmuth & Co *REYL & Cie, REYL Group *Unio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Post
Swiss Post (french: La Poste suisse, it, La Posta Svizzera, german: Die Schweizerische Post, rm, La Posta Svizra) is the national postal service of Switzerland. A public company owned by the Swiss Confederation, it is the country's second largest employer with about 54,000 employees. The group is based in Bern and has branches in 25 countries. Roberto Cirillo is its CEO since April 2019. In 2021, Swiss Post was ranked as the world's best by the Universal Postal Union for the fifth time in a row. In December 2022, it was announced Swiss Post has acquired the St. Gallen-based sustainable packaging company, Kickbag GmbH. History Early postal services Before the establishment of a united postal service in Switzerland in 1848, postal services were often carried out by a variety of independent messengers and postal services such as the Thurn und Taxis in Schaffhausen and the Fischerpost in Bern.Wyss, Arthur (1987).p.115 In the Helvetic Republic (1798–1803) After the Fren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loans
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (" foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Luthe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viktor Vekselberg
Viktor Felixovich Vekselberg (russian: Виктор Феликсович Вексельберг, uk, Віктор Феліксович Вексельберг; born April 14, 1957) is a Ukrainian-born Russian–Israeli-Cyprus oligarch, billionaire, and businessman. He is the owner and president of Renova Group, a Russian conglomerate. According to ''Forbes'', as of November 2021, his fortune is estimated at $9.3 billion, making him the 262nd richest person in the world.''Forbes'': The World's Billionaires - Viktor Vekselberg October 2019 Vekselberg is close to the . In April 2018, the United States imposed sanctions on him and 23 other Russian nationals in rela ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss National Bank
The Swiss National Bank (SNB; german: Schweizerische Nationalbank; french: Banque nationale suisse; it, Banca nazionale svizzera; rm, Banca naziunala svizra) is the central bank of Switzerland, responsible for the nation's monetary policy and the sole issuer of Swiss franc banknotes. The primary goal of its mandate is to ensure price stability, while taking economic developments into consideration. The SNB is an ''Aktiengesellschaft'' under special regulations and has two head offices, one in Bern and the other in Zurich. History The bank formed as a result of the need for a reduction in the number of commercial banks issuing banknotes, which numbered 53 sometime after 1826. In the 1874 revision of the Federal Constitution it was given the task to oversee laws concerning the issuing of banknotes. In 1891, the Federal Constitution was revised again to entrust the Confederation with sole rights to issue banknotes. The Swiss National Bank was founded under the law of 6 Octob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Systemically Important Financial Institution
A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as " too big to fail". As the financial crisis of 2007–2008 unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. In November 2011, the Financial Stability Board (FSB) published a list of global systemically important financial institutions (G-SIFIs). Also in November 2010, the Basel Committee on Banking Supervision (BCBS) introduced new guidance (known as Basel III) that also specifically target SIFIs. The main focus of the Basel III guidance is to increase bank capital requirements and to introduce capital surcharges for G-SIFIs. However, some economists warned in 2012 that the tighter Basel III capital regulation, which is primarily based ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Financial Market Supervisory Authority
The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland. The FINMA is an independent institution with its own legal personality based in Bern. It is institutionally, functionally and financially independent from the central federal administration and the Federal Department of Finance and reports directly to the Swiss parliament. The FINMA is called german: Eidgenössische Finanzmarktaufsicht, french: Autorité fédérale de surveillance des marchés financiers, it, Autorità federale di vigilanza sui mercati finanziari. Its main name and its acronym are expressed in English so as to avoid the semblance of favouring any one of Switzerland's linguistic regions. Anne Héritier Lachat was Chairwoman of the Board of Directors from 2011 until 1 January 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a " defined benefit plan", where a fixed sum is paid regularly to a person, or a " defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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