Tag: SNB
Banking crisis scratches the image as a safe haven
Effects of the banking crisis The emergency sale of Credit Suisse to UBS is damaging the national currency. (Photo: Bloomberg) Frankfurt The banking drama in Switzerland is damaging the reputation…
More than 130 billion francs loss – why a state hedge fund is risky
View of the headquarters of the Swiss National Bank in Bern The central bank is pursuing an unusual monetary policy. (Photo: imago images/Andreas Haas) The Swiss National Bank (SNB) made…
SNB doubles interest rate to 1.0 percent
SNB The central bank has raised interest rates again. (Photo: imago images/Andreas Haas) Zurich The Swiss National Bank (SNB) is raising interest rates for the third time in a row…
SNB doubles interest rate to 1.0 percent
SNB The central bank has raised interest rates again. (Photo: imago images/Andreas Haas) Zurich The Swiss National Bank (SNB) is raising interest rates for the third time in a row…
Huge losses for the central banks
Headquarters of the Swiss National Bank (SNB) in Bern The central bank reported a loss of CHF 142 billion in the first nine months of the year. (Photo: Bloomberg/Getty Images)…
Swiss central bank: Price stability has absolute priority
Swiss National Bank The inflation rate is currently 3.4 percent in Switzerland. (Photo: dpa) Zurich In contrast to other central banks, the Swiss National Bank is sticking to its existing…
The mission of Olaf Scholz in Kyiv
just before the holiday comes to mind that there will be a lot of “photo ops” on this occasion – those at home want to be served. The word “photo…
Swiss central bank surprisingly increases key interest rate
Shopping in the supermarket Switzerland is also struggling with high inflation. (Photo: IMAGO/MiS) Zurich The Swiss National Bank (SNB) is bracing itself against rising inflation and surprisingly increased interest rates…
The value of the euro falls below one franc
Zurich The soaring Swiss franc alarmed the domestic central bank. On Monday, the Swiss National Bank (SNB) emphasized its willingness to weaken the strengthened Swiss currency with foreign currency purchases.…
Swiss central bank achieves a profit of over CHF 26 billion
Swiss National Bank Shareholders are to receive a dividend of CHF 15 per share certificate. (Photo: Reuters) Zurich The Swiss National Bank (SNB) closed last year with a profit of…
Swiss central bank achieves a profit of over CHF 26 billion
Swiss National Bank Shareholders are to receive a dividend of CHF 15 per share certificate. (Photo: Reuters) Zurich The Swiss National Bank (SNB) closed last year with a profit of…
Swiss franc against the euro as strong as in 2015
Zurich A look at the exchange rate of the franc against the euro and the dollar should actually worry Fabian Chiozza. He is CFO at the Swiss company VAT, a…
The central bank makes a profit of CHF 26 billion
Swiss National Bank To stabilize the exchange rate, the SNB holds hundreds of billions in foreign currency. (Photo: Reuters) Zurich According to preliminary figures, the Swiss National Bank (SNB) made…