Gnomes of Zurich(redirected from Gnome of zurich)
Also found in: Idioms.
Gnomes of Zurich
A pejorative term for bankers in Switzerland. They acquired this nickname because of their reputation for discrete and indeed secretive policies. Harold Wilson coined the term in 1956 when he was the British shadow chancellor of the exchequer and believed that Swiss bank speculators were artificially weakening the pound.