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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.

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.

Indian money in Swiss banks falls by over 10% to Rs 12,615 crore

Indian money in Swiss banks falls by over 10% to Rs 12,615 crore

This is the second lowest amount of funds held by Indians in the Swiss banks and follows an increase of over 40 percent in the previous year, 2013.

Money held by Indians in Swiss banks declines by 10.6% to Rs 12,615 crore

Money held by Indians in Swiss banks has declined by 10.6 percent to Rs 12,615 crore in 2014, as per the latest data released by the Swiss Central Bank.

Swiss economy shrinks 0.2% as exchange rate swing excoriates exports

Exports of goods fell by 2.3 percent as the Swiss franc jumped in value.

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.

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.

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.

Switzerland scraps euro rate cap, franc soars

The SNB had been defending the exchange rate floor since September 2011.

Gold price jumps to 4-month high on tumbling shares after SNB move

U.S. gold futures for delivery in February rose 1.4 percent to $1,252.30 an ounce.

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.

Swiss central bank hard hit by gold price fall

Switzerland's central bank said on Monday that it lost billions in 2013 amid a sharp drop in gold prices and that it therefore would not pay dividends to Bern or the Swiss cantons.

Swiss central bank faces new currency trade controversy

The Swiss central bank is in the spotlight for the second time in three months over alleged currency trading by a key official during sensitive times for policy over the Swiss franc.