New publication by Simon Egli, Katja Rost and Larissa Fritsch: «From Financing Production to Producing Finance. The Transformation of Banking Elites and Changes in Banking Strategy of Large Swiss Banks from 1945 to 2020»
What happens when banking elites change? This study traces how Swiss banks shifted from financing production to producing finance—driven by the rise of a US-socialized financial elite replacing Swiss business leaders between 1985 and 2000.
A new research article has been published:
«From Financing Production to Producing Finance. The Transformation of Banking Elites and Changes in Banking Strategy of Large Swiss Banks from 1945 to 2020»
Simon Egli, Katja Rost, Larissa Fritsch
Published 18th June 2025 in Swiss Journal of Sociology
Read full article here:
https://doi.org/10.26034/cm.sjs.2025.7071
Abstract:
This paper studies the evolution of banking elites and banking strategy of the largest Swiss banks since 1945. Between 1985 and 2000, an elite transformation occurred within the large Swiss banks. A Swiss-oriented business and political elite was replaced by a US-socialized financial elite. The displacement Swiss-oriented business and political elite closely preceded the decline of retail banking and the shift of loan volumes from production to finance.
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