![]() ![]() 1866) and the 1912 acquisition of Banque d'Escompte et de Dépots. This was followed by the 1909 acquisition of Bank für Appenzell (est. Two years later, in 1908, the bank acquired Fratelli Pasquali, a bank in Chiasso, Switzerland, its first representation in the Italian-speaking portion of the country. In 1906, SBC purchased Banque d'Espine, Fatio & Cie, establishing a branch in Geneva, Switzerland, for the first time. SBC continued to grow in the early decades of the 20th century, acquiring weaker rivals. Gallen, Switzerland, offices in Swiss Bank Corporation c.1920 The English name of the bank was changed to Swiss Bank Corporation in 1917. After the take-over of the Basler Depositenbank, the bank changes its name to Schweizerischer Bankverein (Swiss Bank). The next year, Basler Depositenbank and Schweizerische Unionbank were acquired. īasler Bankverein later combined with Zürcher Bankverein in 1895 to become the Basler & Zürcher Bankverein. By 1879, Basler Bankverein has accumulated enough capital to resume dividends, initially at an 8% annual rate and then increasing to 10% in 1880. The bank experienced initial growing pains after heavy losses in Germany caused the bank to suspend its dividend in favor of a loss reserve. Among the Bankverein's early backers was the Bank in Winterthur, one of the early predecessors of the Union Bank of Switzerland. Basler Bankverein was founded with an initial commitment of CHF 30 million, of which CHF 6 million of initial share capital was paid in. The Basler Bankverein was formally organized in 1872 in Basel, replacing the original Bankverein consortium. The establishment of joint-stock banks in Switzerland such as Swiss Bank's earliest predecessors (often structured as a Swiss Verein) was driven by the industrialization of the country and the construction of railroads in the mid-19th century. Among the original member banks were Bischoff zu St Alban, Ehinger & Cie., J. ![]() 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. Swiss Bank Corporation traces its history to 1854. Today, what was SBC forms the core of many of UBS's businesses, particularly UBS Investment Bank.ġ872 Basler Bankverein investor prospectus Although the combination of the two banks was billed as a merger of equals, it quickly became evident that from a management perspective, it was SBC that was buying UBS as nearly 80% of the top management positions were filled by legacy Swiss Bank professionals. The company's logo, which featured three keys, symbolizing "confidence, security, and discretion", was adopted by UBS after the 1998 merger. In 1998, SBC merged with Union Bank of Switzerland to form UBS, the largest bank in Europe and the second largest bank in the world. These acquisitions formed the basis for a global investment banking business. SBC also acquired Chicago-based Brinson Partners and O'Connor & Associates. as well as London-based merchant bank S.G. As part of this strategy, SBC acquired US-based investment bank Dillon Read & Co. Throughout the 1990s, 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. Prior to its merger, the bank was the third largest in Switzerland with over CHF 300 billion of assets and CHF 11.7 billion of equity. ![]() Swiss Bank Corporation was a Swiss investment bank and financial services company located in Switzerland. Merged with Union Bank of Switzerland to form UBS Swiss investment bank and financial services firm ![]()
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