[ad_1] GENEVA: The Swiss central bank hiked its key interest rate on Thursday and insisted that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial…
Tag: Swiss National Bank
Swiss cenbank to press ahead with FX interventions despite U.S. manipulation tag
[ad_1] ZURICH (Reuters) -The Swiss National Bank rejected accusations of currency manipulation by the United States on Wednesday, saying the label would not deter it from acting aggressively on forex…
DIARY-Top Economic Events to May 30
[ad_1] April 3 (Reuters) – For other diaries, please see: Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington…
Swiss banks see growth shifting to EU if no treaty is struck
[ad_1] GENEVA (Reuters) – Swiss banks will have to shift more operations to the European Union if Switzerland fails to secure a treaty with the trading bloc, Geneva private bankers…
S.Korea, Switzerland agree to extend currency swap agreement for 5 yrs
[ad_1] SEOUL, March 1 (Reuters) – South Korea’s central bank said on Monday its currency swap agreement with Switzerland has been extended for another five years in a move aimed…
Swiss industry group raises alarm over weakening global economy
[ad_1] ZURICH (Reuters) – The global economic slowdown which has brought countries like Germany close to a recession is spreading to previously resilient Switzerland, according to data from Swiss engineering…
Swiss National Bank chairman can’t rule out more rate cuts – paper
[ad_1] ZURICH (Reuters) – Swiss National Bank Chairman Thomas Jordan cannot exclude more interest rate cuts, he said in an interview published on Wednesday, although such a step was not…
SNB’s Zurbruegg says Swiss monetary policy suited for FX fragility
[ad_1] ZURICH (Reuters) – The Swiss National Bank’s current accommodative monetary policy is suited for the fragility being seen on foreign exchange markets, SNB Vice Chairman Fritz Zurbruegg said on…
Indians’ funds in Swiss banks down 11% to Rs 30k cr on dip in customer deposits
[ad_1] Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss…