Bank De Swiss Binary Trading – Die Geschichte
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Throughout the s, SBC engaged in a large growth initiative, shifting its focus from traditional commercial banking into investment banking , in an effort to match its larger Swiss rival Credit Suisse.
Warburg in the mids. These acquisitions formed the basis for a global investment banking business. The company's logo, which featured three keys, symbolizing "confidence, security, and discretion", was adopted by UBS after the merger.
Swiss Bank Corporation traces its history to In that year, six private banking firms in Basel, Switzerland , pooled their resources to form the Bankverein , a consortium that acted as an underwriting syndicate for its member banks.
The Basler Bankverein was formally organized in in Basel, replacing the original Bankverein consortium. Among the Bankverein's early backers was the Bank in Winterthur , one of the early predecessors of the Union Bank of Switzerland.
The bank experienced initial growing pains after heavy losses in Germany caused the bank to suspend its dividend in favor of a loss reserve.
The next year, Basler Depositenbank and Schweizerische Unionbank were acquired. SBC continued to grow in the early decades of the 20th century, acquiring weaker rivals.
This was followed by the acquisition of Bank für Appenzell est. The onset of World War I put a hold on much of the bank's development. Although SBC survived the war intact, it suffered the loss of its investments in a number of large industrial companies.
The impact of the stock market crash of and the Great Depression would be severe, particularly as the Swiss franc suffered major devaluation in The bank would see its assets fall from a peak of CHF1.
In , SBC adopted its three keys logo symbolizing confidence, security and discretion. The logo was designed by a Swiss artist and illustrator, Warja Honegger-Lavater.
Decades after the war, it was demonstrated that Swiss Bank Corporation likely took an active role in trading stolen gold, securities and other assets during World War II.
SBC remained among the Swiss government's leading underwriters of debt in the post-war years. However, by SBC was shifting its focus back to its traditional business of lending money principally to private companies as part of the postwar rebuilding of Europe.
Within Switzerland, SBC remained a full-service bank with a domestic retail banking network and an asset management business.
SBC prospered throughout the s and embarked on a period of sustained growth. The firm continued to open new offices in the US in the mids and it was also at this time that SBC began to expand into Asia and opened representative offices throughout Latin America.
The bank opened a full branch office in Tokyo in The bank also made a number of acquisitions to enhance its position in various products.
As its own home market was highly competitive, SBC focused on commercial banking for American and other multinational companies.
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