Which is The Leading Banking And Financial City in The World?
The leading banking center of the world is in Zurich, a city of Switzerland. Zurich is known as a “Global City”. The term Global City refers to a city which plays a central role in the world’s economic system due to the presence a number of significant financial institutions of the whole world. The types of financial centers found in Zurich consist of banks, stock exchange markets, insurance companies, loan providers, financial assets management services and many other such financial organizations. The headquarters of one third of the total Swiss banks are situated in Zurich. A part from that, a number of international banks, also based in Zurich, cater to clients from all around the globe. The financial center in Zurich consists of over a hundred thousand employees and thousands of financial companies and firms.
Zurich is the largest Swiss city and an important financial city in the world. It was founded by the Romans in 15 BC. Back then, it was known as “Turicum”. In 1218, Zurich became an Imperial city. However, in 1351, it became a part of the Swiss Confederation. During the 16th century, it went through the Swiss Reformation with Ulrich Zwingli as the leader. Today, frequent surveys conducted between 2006 and 2007 have revealed the fact that Zurich is the most prosperous city in Europe.