Until 2014, BX was a private association under Swiss law, of which all major banks in Berne are members.
ʌntˈɪl tˈuː θˈaʊzənd fˈoːɹtiːn, bˌiːˈɛks wʌzɐ pɹˈaɪvət ɐsˌoʊsɪˈeɪʃən ˌʌndɚ swˈɪs lˈɔː, ʌvwˈɪtʃ ˈɔːl mˈeɪdʒɚ bˈæŋks ɪn bˈɜːn ɑːɹ mˈɛmbɚz.