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Old 12.03.2015, 21:16
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Why? Cause they got a French name? So their strategy worked: In the 1980s did the large Zurich banks recognize that German was an important European language, but not one the world trades in... so the largest, Schweizerischer Bank Verein, decided to rename itself into Union Bank of Switzerland aka UBS. The equally German speaking Schweizerische Kreditanstalt recognized that any translation to English would be a bit much copying, so went with French instead. There is absolutely nothing Francophone about Credit Suisse... (insider tourist tip: the iron bars on the ground floor windows of the Paradeplatz building have still "SKA" signs in them)

Sorry but something is wrong above


SBG/UBS already in the 1950ies was
Schweizerische Bankgesellschaft
Union de Banque Suisse
Unione di Banche Svizzere
Union Bank of Switzerland


SBV was
Schweizerischer Bankverein
Société de Banque Suisse
Societa di Banca Svizzera
Swiss Bank Corporation


CS was
SKA Schweizerische Kreditanstalt (founded by Alfred von Escher -- the chap on the Bahnhofplatz)
Crödit Suisse
Credito Svizzero


The SVB
Schweizerische Volksbank
Swiss Volksbank
was swallowed by the SBV


When SBG and SBV merged it was decided to drop all the full Name and work as
UBS AG


while the SKA CS still uses the French name in spite of his Zürich origin and it being the one which enabled Zürich to expand into AUSSERSIHL, the Stadtkreise 3 and 4 and 5 accross the Sihl-River. The UBS for sure is larger and far more important on a federal level but locally in Zürich it is 50-50


to counter the overwhelming role of traditional Banking the well known co-operatives Migros (= left-liberal LDU) and COOP (= Social Democrats) launched their own Banks MIGROS BANK and COOP BANK


once again, SBV was NEVER re-named UBS

Last edited by Wollishofener; 12.03.2015 at 21:35.
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