Swiss Bank Corporation
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- For banks in Switzerland, see Swiss bank
Swiss Bank Corporation (SBC) (German: Schweizerischer Bankverein (SBV), French: Société de Banque Suisse (SBS), Italian:Società di Banca Svizzera) merged with Union Bank of Switzerland (UBS/SBG) in 1998 to form UBS AG, Switzerland's official banking corporation.
Since its foundation, SBC or the Swiss Banking Corporation has been through a number of name changes as a result of various mergers with other banks: SBC - SBC Warburg (1995) - SBC Warburg Dillon Reed - UBS Warburg (1998) before becoming UBS AG
The history of the Swiss Bank Corporation ("SBC") dates to 1856 and the constitution of Bankverein by which six Private Banking-houses: Bischoff zu St Alban, Ehinger & Cie., J. Merian-Forcart, Passavant & Cie., J. Riggenbach and von Speyr & Cie., formed an underwriting consortium in Basel, Switzerland. The company, Basler Bankverein, later joined forces with Zürcher Bankverein in 1895 to become Basler & Zürcher Bankverein. The next year, Basler Depositenbank and Schwizerische Unionbank were acquired.
Following these acquisitions in 1896, the company changed its name to Schweizerischer Bankverein (Swiss Bank Corporation). The company grew through a series of mergers including Basler Handelsbank in 1945, O'Connor & Associates in 1992, Brinson Partners Chicago in 1994, S.G. Warburg & Co in 1995, and Dillon, Read & Co. in 1997.
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