Swiss National Bank Cuts Rates in Third Trim This Year
The Swiss National Bank on Thursday, September 26, adopted the third decision since the beginning of the current year to ease monetary policy.
Switzerland
Understanding the Swiss Franc Exchange Rate: A Comprehensive Guide
The Swiss franc (CHF) is one of the world’s most stable and reliable currencies, often sought after by investors and businesses for its strength and consistency. As the official currency of Switzerland and Liechtenstein, the Swiss franc plays a crucial role in international finance and trade. Understanding the exchange rate of the Swiss franc is […]
Swiss National Bank and SIX Roll Out Instant Payments Solution
The Swiss National Bank and SIX Interbank Clearing announced the launch of a new solution for instant payments.
UBS Profit Beats Forecasts
UBS Group AG has released data on the financial results of its operations in the second quarter of the current year, according to which the profit of this bank for the specified period exceeded preliminary expectations regarding the dynamic of the corresponding indicator.
Swiss National Bank Cuts Rate Again
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
Credit Suisse Bondholders Sue Switzerland
A group of Credit Suisse bondholders has filed a lawsuit against the Swiss government in an effort to obtain compensation for the controversial decision to write down the debt of an Additional Tier 1 (AT1) financial institution.
UBS Returns to Profit
UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.
Switzerland Says About UBS’s Likely Need for Money
A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.
Swiss Inflation Slows
An unexpected decrease in the inflation rate was recorded in Switzerland.
Swiss National Bank Unexpectedly Cuts Its Key Interest Rate
The Swiss National Bank (SNB) has made an unexpected decision to cut its key interest rate by 25 basis points.
Swiss Economy Demonstrates Growth
As the results of last year, the Swiss economic system unexpectedly maintained a positive dynamic, even though the manufacturing sector in this country continues to be a factor of negative impact on the corresponding growth prospects.
Swiss National Bank Fixes High Demand on Cash
Swiss residents continue to opt for banknotes and coins, despite the scaling of mobile payment apps and predictions that the era of the so-called cashless society will come in the future.
UBS Restarts Buybacks
UBS Group AG has announced its intention to resume share buyback in the current year.
Swiss Finance Minister Says About Need for New Rules After Credit Suisse Crisis
Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
UBS Chair Predicts Challenging 2024
UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.
UBS Reports Loss on Costs of Credit Suisse Takeover
UBS has faced significant losses in the first full quarter since the acquisition of Credit Suisse, a lender that competed with this bank and was on the verge of collapse, was completed.
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