Lecture

Swiss Financial Center: Overview and Banking Specificities

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In courses (2)

HUM-422: Understanding modern Switzerland I

This course provides a general introduction to Swiss history, its culture, its economy and its political system since 1848 until today. ...

HUM-465: Understanding modern Switzerland II

Based on the knowledge acquired during the fall semester course (Understanding modern Switzerland I), students are asked to work by group of 3-4 students and prepare a paper on a topic previously discussed with the teachers. ...

Description

This lecture provides an overview of the Swiss financial center, highlighting its significance in the global economy. It covers the financial sector's share of value added, the impact on the national economy, Switzerland's ranking in global financial centers, the banking specificities of Geneva and Zurich, the types of income generated by Swiss banks, the composition of the banking sector, and Switzerland's leadership in offshore wealth management.

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Related concepts (30)

Islamic banking and finance

Islamic banking, Islamic finance (مصرفية إسلامية masrifiat 'iislamia ), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).

Mobile banking

Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose. Mobile banking is usually available on a 24-hour basis. Some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted.

Private banking

Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income and/or substantial assets. Private banking is presented by those who provide such services as an exclusive subset of wealth management services, provided to particularly affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers.

Investment banking

Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities.

HSBC

HSBC Holdings plc (in full: Hong Kong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with unique historical and business links to East Asia and a highly multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US

2.953 trillion as of December 2021. In 2021, HSBC had

10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).

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