<P> Raiffeisen "assumes the role of central bank" in providing treasury services, and is the third largest group consisting of 328 banks in 2011, 390 in 2012 with 1,155 branches . During February 2012, P. Vincenz was chief executive . During January, an announcement was made that the non-U.S. businesses of Wegelin & Co, the oldest Swiss bank, would be bought by the Raiffeisen group . The group has 3 million plus clients within Switzerland . </P> <Ul> <Li> Migros Bank </Li> <Li> Coop Bank </Li> <Li> Swiss Bank Corporation is a non-existent entity, used since 2017 as a catchy reference name by scammers who had in the past enticed people to send money to Nigeria or the likes, in order to receive their supposed "deposit", "inheritance" or such from their deceased great - uncle, or the United States Treasury or Lottery, or other benefactor . Due to international awareness of these scams, they have now changed the name of the supposed source of the funds to include the reputable word "Swiss". </Li> </Ul> <Li> Swiss Bank Corporation is a non-existent entity, used since 2017 as a catchy reference name by scammers who had in the past enticed people to send money to Nigeria or the likes, in order to receive their supposed "deposit", "inheritance" or such from their deceased great - uncle, or the United States Treasury or Lottery, or other benefactor . Due to international awareness of these scams, they have now changed the name of the supposed source of the funds to include the reputable word "Swiss". </Li> <P> The Banking Law of 1934 made it a criminal act for a Swiss bank to reveal the name of an account holder . Swiss bank secrecy protects the privacy of bank clients; the protections afforded under Swiss law are similar to confidentiality protections between doctors and patients or lawyers and their clients . The Swiss government views the right to privacy as a fundamental principle that should be protected by all democratic countries . While privacy is protected, in practice all bank accounts are linked to an identified individual . Moreover, the bank secrecy is not absolute: a prosecutor or judge may issue a "lifting order" in order to grant law enforcement access to information relevant to a criminal investigation . </P>

Why is switzerland seen as a safe place to keep money in a bank