Date in year · 1997 · The 1990s
On February 5, 1997, the so-called Big Three banks in Switzerland announce the creation of a $71 million fund to aid Holocaust survivors and their families. The year's #1 song was "Candle in the Wind 1997" / "Something About the Way You Look Tonight" by Elton John. Asa Butterfield, Álex Palou, Claire Wineland would arrive in the same year.
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Year
1997
1990s
Featured · February 5, 1997
Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and over the centuries has grown into a complex and regulated international industry. Banking is seen as emblematic of Switzerland and the country has been one of the largest, if not largest, offshore financial centers and tax havens in the world since the mid-20th century, with a long history of banking secrecy, security and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of a landmark federal law, the Federal Act on Banks and Savings Banks.
Around 1997
1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar, the 1997th year of the Common Era (CE) and Anno Domini (AD) designations, the 997th year of the 2nd millennium, the 97th year of the 20th century, and the 8th year of the 1990s decade.
What happened
Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and over the centuries has grown into a complex and regulated international industry. Banking is seen as emblematic of Switzerland and the country has been one of the largest, if not largest, offshore financial centers and tax havens in the world since the mid-20th century, with a long history of banking secrecy, security and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of a landmark federal law, the Federal Act on Banks and Savings Banks.
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