The Banque cantonale de Genève was founded in 1861. The BCGE was formed in its current form in 1994 through the merger of CEG Genève and Banque hypothécaire du Canton de Genève. BCGE offers services with emphasis on small and medium-sized companies. The bank also offers the traditional Swiss range of portfolio management services for private and institutional clients. Banque Cantonale de Genève had limited state guarantee of its liabilities till the end of 2016.
In 2013, the bank presented a clear improvement in its profitability and its managers agreed to be part of the American tax regularization program, aimed at helping the American justice department to investigate tax and banking fraud, by placing itself in the category 2 designating banks not incriminated by the justice of the United States but having American customers who therefore could have infringed American tax law.
Source: Wikipedia.org
Copyright: Creative Commons 3.0
Genf, Switzerland
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