Switzerland

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Switzerland Banks Switzerland Banks are famous all over the world. Switzerland Banks are usually open Monday to Friday from 8:30 a.m. to 4:30 p.m., closed on Saturdays, Sundays and on public holidays. Business hours are weekdays 8 a.m. to 12 noon and 2 p.m. to 5p.m. , closed on weekends. Switzerland Banks are mostly located in Zurich. In 1997 Switzerland came under international pressure over allegations that its banks were holding deposits worth billions of pounds made by Jewish families during World War II. The three banks principally implicated, Crédit Suisse, the Union Bank of Switzerland, and Swiss Bank Corp, agreed in February 1997 to set up a $70 million/£43 million compensation fund for heirs of the Holocaust victims. In March 1997 the government announced plans to endow a £3 billion foundation for victims of Nazi genocide. With threats that Swiss businesses would be boycotted unless the question of ` lost´ Jewish bank accounts and wartime gold dealing was addressed, politicians and diplomats were forced to meet the growing crisis with concrete action.

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