Swiss banking sector continues to shrink but survivors profitable snbchf.com: Switzerland lost a total of nine banks in 2017 bringing the total to 253. Around 20 years ago the country boasted more than 400 banks. According to the annual “Banks in Switzerland” report released by the Swiss National Bank (SNB) on Thursday, only one foreign bank opened a Swiss branch last year. The number of people working for banks also declined. Staff numbers in Switzerland fell by 7.7% to 93,554 full-time equivalents (FTEs).
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