Swiss National Bank

Amazon wobble creates ripples across worldwide stock markets

Amazon wobble creates ripples across worldwide stock markets

Amazon has been one of the companies powering the sector this year, with a 40 percent rise up until Thursday. 

Jul 28, 2017, 14:34 PM IST
Money in Swiss banks: India slips to 88th place with Rs 4,500 crore; UK on top

Money in Swiss banks: India slips to 88th place with Rs 4,500 crore; UK on top

India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.

Jul 02, 2017, 14:36 PM IST
Indians' money in Swiss banks hit record low of 676 million francs

Indians' money in Swiss banks hit record low of 676 million francs

Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.

Jun 29, 2017, 20:51 PM IST

Swiss banks' profit halves to CHF 7.9 billion; staff count down

Banks in Switzerland saw their profits nearly halve to CHF 7.9 billion (over Rs 53,000 crore) in 2016 amid continuing global pressure on their famed secrecy walls.

Jun 29, 2017, 14:52 PM IST
Cash no longer king? Swiss National Bank begs to differ

Cash no longer king? Swiss National Bank begs to differ

The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.

Feb 27, 2017, 18:14 PM IST

Swiss central bank books record loss of 50 billion francs

The decision to scrap the limit sent the franc -- a refuge currency -- soaring in value against major currencies and unleashed turbulence on global markets.

Jul 31, 2015, 14:44 PM IST
Swiss banks' profit rises; staff count down

Swiss banks' profit rises; staff count down

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

Jun 18, 2015, 16:34 PM IST
Swiss banks' profit rises; staff count down

Swiss banks' profit rises; staff count down

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

Jun 18, 2015, 16:34 PM IST

Swiss central bank posts massive loss on soaring franc

The Swiss central bank said Thursday it had posted loss of 30 billion francs in the first quarter due to a jump in the franc`s value which led to huge exchange rate-related losses.

Apr 30, 2015, 17:42 PM IST

SNB says spent $27 billion to defend franc before dropping peg

The Swiss National Bank (SNB) spent 25.8 billion Swiss francs ($26.91 billion) defending the currency late last year before abandoning its peg as too costly for the country`s economy, it said on Thursday.

Mar 26, 2015, 14:12 PM IST

Swiss central bank under scrutiny after franc shock

Six weeks after a fateful decision that blasted its currency skywards, Switzerland`s central bank is coming under intense scrutiny, with critics calling for changes to its insular policy practices and century-old ownership structure.

Feb 25, 2015, 23:26 PM IST

Credit Suisse board takes 25 pct pay cut after U.S. tax fine

Board members of Credit Suisse are taking a 25 percent pay cut and bonuses for top staff are being slashed after a hefty fine from U.S. authorities, the bank said as it also set out a range of measures to tackle the surge in the Swiss franc.

Feb 12, 2015, 17:18 PM IST

Swiss central bank defends franc move despite turbulence

Switzerland`s central bank on Saturday stood by its shock decision to let the franc soar, insisting the subsequent turbulence rocking global markets and the Swiss economy since the move would eventually subside.

Jan 17, 2015, 18:41 PM IST

Asia shares wobble; Swiss move heightens volatility

MSCI`s broadest index of Asia-Pacific shares outside Japan edged down about 0.1 percent in early trade.

Jan 16, 2015, 09:05 AM IST

Switzerland ends euro minimum exchange rate, cuts interest rate

In a shock announcement Thursday, Switzerland`s central bank said it was ending a three-year bid to artificially hold down the value of the Swiss franc against the euro, in a move that immediately sent the safe haven currency soaring.

Jan 15, 2015, 17:47 PM IST

Swiss national bank introduces negative interest rates

The Swiss National Bank on Thursday said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank as it seeks to deter safe-haven buying.

Dec 18, 2014, 13:34 PM IST

Swiss bank holds key rate but warns of deflation risk

Switzerland`s central bank held its key lending rate on Thursday but revised downwards its forecast for prices, warning that "deflation risks have increased once again".

Dec 11, 2014, 17:45 PM IST

Proposal on gold reserves rejected in Swiss referendum

Swiss voters on Sunday flatly rejected in a referendum a proposal stipulating the central bank in Switzerland to increase its gold reserves.

Dec 01, 2014, 09:10 AM IST

Gold price holds below $1,200; dollar, Swiss vote eyed

Gold steadied below $1,200 an ounce on Tuesday after small losses in the previous session, while traders eyed the dollar and an upcoming Swiss referendum on central bank gold reserves for more trading cues.

Nov 25, 2014, 13:51 PM IST

Swiss central bank lowers growth outlook, holds key rate

The Swiss National Bank (SNB) maintained its target range for the franc`s three-month London interbank offered rate, known as the Libor rate, at between 0.0 and 0.25 percent.

Sep 18, 2014, 16:51 PM IST