The story
The Zurich Cantonal Bank was founded in 1870 as "bank of the citizens of Zürich" following an initiative of Johann Jakob Keller (1823–1903), then member of the cantonal council of Zürich. The canton of Zürich provided the necessary endowment capital and appointed the senior governing bodies. The public service mandate and the corresponding social and political responsibility were established by law.
In October 2009, Global Finance magazine rated ZKB at one of the five safest banks in the world, on the basis of it being one of only five financial institutions that enjoyed a triple Standard & Poor's, Fitch and Moody's AAA/Aaa rating globally.
In November 2013, Zürcher Kantonalbank was classified as a systemically important bank in Switzerland by order of the Swiss National Bank, alongside UBS, Credit Suisse, Raiffeisen (Switzerland) and PostFinance, and must meet stricter capital requirements and prepare contingency plans for times of crisis.
From Wikipedia’s article on Zurich Cantonal Bank, shared under CC BY-SA 4.0.5
