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Switzerland

Hentsch Dynasty: The Oldest Private Bank In Geneva

In the 18th century, a pastor named Benjamin Gottlob emigrated from Lower Lusatia (the German part of Poland) to Switzerland. In Geneva, his son Henri Hentsch apprenticed at Develay & Cie and was later employed by Picot, Fazy & Cie, engaged in the manufacturing of assorted fabrics, money-changing, and banking. However, after being detained in a French revolution and exiled to Nyon, Henri first began to engage in silk trading.
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What To Know About Swiss Neutrality

Swiss neutrality, a widely recognised concept, remains largely unfamiliar to many individuals. In the text, we will delve into the essence of neutrality and explore its potential transformation in light of recent global developments.
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Modern Tools In Wealth Management

Managing wealth becomes increasingly complex. Besides a growing variety of investment opportunities, clients more and more pursue best-in-class solutions, leading to an increasing number of stakeholders. For service providers like wealth managers and family offices, reducing complexity for their clients is key to distinguishing themselves and strengthening their client relationships.
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Zero Growth Of The Swiss Economy

As recently as last year, most Swiss industrial companies were doing brilliantly. The economy grew more strongly than calculated; the real gross domestic product (GDP) rose by 2.6%, according to the national accounts. This year, however, will be more difficult.
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Experts Suggest These Four Measures To Head Off Switzerland’s Next Banking Crisis

168 billion Swiss francs is the amount that the Swiss National Bank (SNB) had to lend Credit Suisse in mid-March 2023, at the height of the banking crisis. This was the only option to prevent the collapse of the once-second largest Swiss bank. The SNB provided a substantial portion of this liquidity assistance without receiving collateral from Credit Suisse. Therefore, in the event of bankruptcy, the Swiss taxpayer could have also lost billions.
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Taftie’s presidency Is Taken Up By Innosuisse

Taftie brings together Europe's premier national innovation agencies. Innosuisse will assume the President for one year commencing in January 2024. Learn more about Taftie and what it implies in the context of collaboration with Innosuisse.
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What To Know About Liechtenstein

It takes only half an hour to get from one end of the country to the other. In Liechtenstein, there are castles and palaces, nature and mountains, history and action—all this in a compact 160 square kilometres, home to approximately 38.000 people. The country's GDP per capita is USD 172.600, making it one of the highest in the world.
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A Step Forward: Trading With Cryptocurrencies At The Luzerner Kantonalbank

As far as cryptocurrencies are concerned, Switzerland is becoming an incubator for innovation. In the canton of Zug, entrepreneurs can use Bitcoin to pay their taxes up to 1.5 million Swiss francs, and the Zuger government has pledged 39 million francs for a blockchain research center. The other cantons do not want to draw the shorter one: as the first state bank, the Luzerner Kantonalbank (LUKB) intends to offer trading in cryptocurrencies.
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