Titlebook: Switzerland and its Banks; A Short History Nils Herger Book 2023 The Editor(s) (if applicable) and The Author(s), under exclusive license t

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,Railway Boom, the Big Banks, and the Ascent of Zurich as Financial Centre (1848–1914),examples that appeared after the mid-nineteenth century were the nuclei of multinational financial firms, such as UBS. Furthermore, Switzerland’s railway boom during this period was closely intertwined with the emergence of Zurich as a leading banking centre.

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,Free Banking and the Foundation of the Swiss National Bank (1826–1907),issuing their own forms of banknotes in a more or less competitive manner. The free-banking period ended in 1907 with the relatively late introduction of a government banknote monopoly and the associated foundation of the Swiss National Bank (SNB) in 1907.

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,The Golden Age (1946–1970s),. This chapter reviews this golden age and, in particular, assesses the importance of banking secrecy, currency convertibility, and other factors in explaining the extraordinary international expansion of Switzerland’s banks.

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Banks in the Old Confederation and in Geneva (Before 1848),g role during the period of the Old Confederation, i.e., the years before 1848. However, this did not imply that banking activities were completely absent in Switzerland before industrialisation. Above all, the private banks in Geneva were heavily involved in funding French government debt before th

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