Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Alps and the Jura; the Alps occupy the greater part of the territory, whereas most of the country's population of 9 million are concentrated on the plateau, which hosts its largest cities and economic centres, including Zürich, Geneva, and Basel.
Switzerland originates from the Old Swiss Confederacy established in the Late Middle Ages, following a series of military successes against Austria and Burgundy; the Federal Charter of 1291 is considered the country's founding document. Swiss independence from the Holy Roman Empire was formally recognised in the Peace of Westphalia in 1648. Switzerland has maintained a policy of armed neutrality since the 16th century and has not fought an international war since 1815. It joined the United Nations only in 2002 but pursues an active foreign policy that includes frequent involvement in peace building.
Switzerland is the birthplace of the Red Cross and hosts the headquarters or offices of most major international institutions, including the WTO, the WHO, the ILO, FIFA, and the UN. It is a founding member of the European Free Trade Association (EFTA), but not part of the European Union (EU), the European Economic Area, or the eurozone; however, it participates in the European single market and the Schengen Area. Switzerland is a federal republic composed of 26 cantons, with federal authorities based in Bern.
Switzerland is one of the world's most developed countries, with the highest nominal wealth per adult and the eighth-highest gross domestic product (GDP) per capita. Switzerland ranks first in the Human Development Index since 2021 and performs highly also on several international metrics, including economic competitiveness and democratic governance. Cities such as Zürich, Geneva and Basel rank among the highest in terms of quality of life, albeit with some of the highest costs of living. (Full article...)
Swiss Bank Corporation was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland, with over CHF 300 billion of assets and CHF 11.7 billion of equity.
Throughout the 1990s, SBC engaged in a large growth initiative, shifting its focus from traditional commercial banking into investment banking, in an effort to match its larger Swiss rival Credit Suisse. As part of this strategy, SBC acquired US-based investment bank Dillon Read & Co. as well as London-based merchant bank S.G. Warburg in the mid-1990s. SBC also acquired Chicago-based Brinson Partners and O'Connor & Associates. These acquisitions formed the basis for a global investment banking business. (Full article...)The Old Swiss Confederacy, also known as Switzerland or the Swiss Confederacy, was a loose confederation of independent small states (cantons, German Orte or Stände), initially within the Holy Roman Empire. It is the precursor of the modern state of Switzerland.
It formed at the end of the 13th century, from a nucleus in what is now Central Switzerland, expanding to include the cities of Zürich and Bern by the middle of the 14th century. This formed a rare union of rural and urban communes, all of which enjoyed imperial immediacy in the Holy Roman Empire. (Full article...)Huldrych or Ulrich Zwingli (1 January 1484 – 11 October 1531) was a leader of the Reformation in Switzerland, born during a time of emerging Swiss patriotism and increasing criticism of the Swiss mercenary system. He attended the University of Vienna and the University of Basel, a scholarly center of Renaissance humanism. He continued his studies while he served as a pastor in Glarus and later in Einsiedeln, where he was influenced by the writings of Erasmus.
In 1519, Zwingli became the Leutpriester (people's priest) of the Grossmünster in Zürich where he began to preach ideas on reform of the Catholic Church. In his first public controversy in 1522, he attacked the custom of fasting during Lent. In his publications, he noted corruption in the ecclesiastical hierarchy, promoted clerical marriage, and attacked the use of images in places of worship. Among his most notable contributions to the Reformation was his expository preaching, starting in 1519, through the Gospel of Matthew, before eventually using Biblical exegesis to go through the entire New Testament, a radical departure from the Catholic mass. In 1525, he introduced a new communion liturgy to replace the Mass. He also clashed with the Anabaptists, which resulted in their persecution. Historians have debated whether or not he turned Zürich into a theocracy. (Full article...)List of Featured articles
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