Tag: Swiss franc
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…
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…
Swiss franc rises to its highest level since 2015
Swiss franc banknotes The currency fell below a level that the central bank had last defended. (Photo: dpa) Zurich In search of safe asset classes, more and more investors are…