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Migros Bank
Migros Bank is a Swiss bank founded in 1958 by Gottlieb Duttweiler and belongs to the Federation of Migros Cooperatives. It has 67 branches in Switzerland (20 new between 2008 and 2016). In 2015, it has a balance sheet of 42 billion Swiss francs and an income of 226 million. Swiss Telegraphic Agency"La Banque Migros a poursuivi sa croissance l'an passé" ''Le temps'', Tuesday 19 January 2016 (page visited on 29 August 2016).Rapport de gestion 2015 Migros Bank (page visited on 29 August 2016). In April 2020, Migros Bank agreed to pay German justice authorities around 2.4 million euros to settle allegations that it allowed German clients to evade taxes. In 2022, Migros Bank's Chairman of the board of directors, Fabrice Zumbrunnen, anno ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gottlieb Duttweiler
Gottlieb Duttweiler (15 August 1888 – 8 June 1962) was a Swiss businessman and politician, founder of both the Migros chain of grocery stores and the Alliance of Independents (''Landesring der Unabhängigen,'' LDU) party. Life and work Duttweiler was born in Zürich. Starting with five vehicles in 1925, his Migros eventually opened stores and is today one of the main grocery chains in Switzerland. The original secret to his success was bringing daily necessities to the consumer by excluding the middlemen. As a result, many producers initially chose to boycott Migros, and Duttweiler's Migros would itself manufacture or package those missing products. In 1941, Gottlieb and his wife Adele Duttweiler transferred ownership of Migros to their customers, as a cooperative. Duttweiler also required that Migros contribute a percentage of profits (actual from the total revenue) to cultural, athletic, and hobby-related activities. This led to the Migros-club-schools and several hobby co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Franc
The Swiss franc, or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. It is also designated through currency signs ''Fr.'' (in German language), ''fr.'' (in French language, French, Italian language, Italian, Romansh languages), as well as in any other language, or internationally as ''CHF'' which stands for Franc. This acronym also serves as the ISO 4217 currency code, used by banks and financial institutions. The smaller denomination, a hundredth of a franc, is a (Rp.) in German, (c.) in French, (ct.) in Italian, and (rp.) in Romansh. The official symbols ''Fr.'' (German symbol) and ''fr.'' (Latin languages) are widely used by businesses and advertisers, also for the English language. According to ''Art. 1 SR/RS 941.101'' of the federal law ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federation Of Migros Cooperatives
Migros () is Switzerland's largest retail company, its largest supermarket chain and largest employer. It is also one of the forty largest retailers in the world. It is structured in the form of a cooperative federation (the Federation of Migros Cooperatives), with more than two million members. It co-founded Turkey's largest retailer, also named Migros (Turkey), Migros, which became independent of Migros Switzerland in 1975. The name comes from the French "mi" for half or mid-way and "gros", which means wholesale. Thus the word connotes prices that are halfway between retail and wholesale. The logo of the company is a large orange ''M''. Migros is often referred to as "the orange giant" (German: ''oranger Riese'', French: ''géant orange'', Italian: ''gigante arancio''). History Migros was founded in 1925 in Zurich as a private enterprise by Gottlieb Duttweiler, who had the idea of selling just six basic foodstuffs at low prices to householders who, in those days, did not hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Switzerland
Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and over the centuries has grown into a complex and regulated international industry. Banking is seen as very Culture of Switzerland, emblematic of Switzerland and the country has been one of the largest, if not largest, Offshore financial centre, offshore financial centers and tax havens in the world since the mid-20th century, with a long history of banking secrecy, security and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of a landmark federal law, the Federal Act on Banks and Savings Banks. These laws were used to protect assets of persons being persecuted by Nazi authorities but have also been used by people and institutions seeking to Tax evasion, illegally evade taxes, hide assets, or to commit other financial crime. Controversial protection of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balance Sheet
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". It is the summary of each and every financial statement of an organization. Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity. The main categories of assets are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Francs
The Swiss franc, or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. It is also designated through currency signs ''Fr.'' (in German language), ''fr.'' (in French, Italian, Romansh languages), as well as in any other language, or internationally as ''CHF'' which stands for Franc. This acronym also serves as the ISO 4217 currency code, used by banks and financial institutions. The smaller denomination, a hundredth of a franc, is a (Rp.) in German, (c.) in French, (ct.) in Italian, and (rp.) in Romansh. The official symbols ''Fr.'' (German symbol) and ''fr.'' (Latin languages) are widely used by businesses and advertisers, also for the English language. According to ''Art. 1 SR/RS 941.101'' of the federal law collection the internationally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Telegraphic Agency
The Swiss Telegraphic Agency (German: ''Schweizerische Depeschenagentur'', SDA; French: ''Agence télégraphique suisse'', ATS; Italian: ''Agenzia telegrafica svizzera'', ATS; branded as Keystone-SDA/Keystone-ATS since 27 April 2018) is the national press agency of Switzerland, founded in 1894. In 2017, it merged with the Swiss picture agency Keystone. The Swiss Telegraphic Agency is a non-profit organization A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ..., but is owned privately. References External links * News agencies based in Switzerland Non-profit organisations based in Switzerland Organizations established in 1894 1894 establishments in Switzerland Multilingual news services Swiss companies established in 1894 {{journalism-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Temps
' (, ) is a Swiss French-language daily newspaper published in Berliner format in Geneva by Le Temps SA. The paper was launched in 1998, formed out of the merger of two other newspapers, and (the former being a merger of two other papers), as those papers were facing financial problems. It is the sole nationwide French-language non-specialised daily newspaper of Switzerland. Since 2021, it has been owned by Fondation Aventinus, a not-for-profit organisation. is considered a newspaper of record in Switzerland. History Predecessor papers The paper's three predecessors were the (founded 1798), the (founded 1826), and (founded 1991). The ' and the ' were merged in 1991 as the , which was partially motivated by those paper's financial issues as well as the impending creation of .' Due to financial issues, it was proposed that the ' and merge in 1996. The editorial staff of both papers met, but this was declined by publisher Edipresse as it would have resulted in lay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Switzerland
Systemically important banks Globally systemically important banks * UBS Group AG (including Credit Suisse) Domestically systemically important banks Source: * Zurich Cantonal Bank * Raiffeisen * PostFinance * Migros Bank * Bank Cler Top-tier Swiss banks Other Swiss-based banks with a significant presence domestically and overseas with considerable assets under management. *Julius Baer Group * Vontobel * Pictet Group * Lombard Odier * J. Safra Sarasin * Union Bancaire Privée * EFG International * Mirabaud Group Family-owned Swiss banks * Banque Heritage * Bank SYZ * ONE Swiss Bank SA * Bordier & Cie * Compagnie Bancaire Helvétique *Edmond de Rothschild Group * Geneva Swiss Bank * Gonet & Cie * E. Gutzwiller & Cie, Banquiers *Habib Bank AG Zurich * Lienhardt & Partner Privatbank Zürich * Reichmuth & Co * REYL Group * Union Bancaire Privée *Rahn+Bodmer Co. * Vontobel * Mirabaud Group Ethical banks in Switzerland * Alternative Bank Switzerland Swiss branches of interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Migros
Migros () is Switzerland's largest retail company, its largest supermarket chain and largest employer. It is also one of the forty largest retailers in the world. It is structured in the form of a cooperative federation (the Federation of Migros Cooperatives), with more than two million members. It co-founded Turkey's largest retailer, also named Migros, which became independent of Migros Switzerland in 1975. The name comes from the French "mi" for half or mid-way and "gros", which means wholesale. Thus the word connotes prices that are halfway between retail and wholesale. The logo of the company is a large orange ''M''. Migros is often referred to as "the orange giant" (German: ''oranger Riese'', French: ''géant orange'', Italian: ''gigante arancio''). History Migros was founded in 1925 in Zurich as a private enterprise by Gottlieb Duttweiler, who had the idea of selling just six basic foodstuffs at low prices to householders who, in those days, did not have ready access ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Based In Zurich
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
