Database Records 1,900 Swiss Banks Since the 18th Century
Published
A new database traces the history of Swiss banking. It documents a total of 1,900 banks that have operated in Switzerland since the 18th century. This creates a comprehensive overview of an industry that has played an important role for the country for many generations.
The database makes it possible to follow the development of individual institutions over long periods. Interested readers can see when a bank was founded, how it has changed, and whether it was later merged or closed. For researchers, too, this collection is a valuable source, as it brings together a great deal of information in one place.
The Swiss financial system is considered very significant internationally. Many of the banks known today have their roots in times when trade, industry, and capital flows grew strongly in the country. An overview of so many institutions therefore helps to better understand the transformation of the banking sector.
Overall, the project shows how important accurate historical data is. The database can help make the history of the Swiss economy understandable and open up new questions for research.
Sources: SWI swissinfo.ch
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