SNB drops Libor
Switzerland’s central bank said Thursday it was dropping Libor as a reference in setting interest rates in another blow to the scandal-plagued benchmark. The Swiss National Bank, following a regular […]
SNB
Swiss love cash
Last month, the Swiss unveiled a smart new banknote to stash in their wallets. The purple 1,000 franc bill was the latest in the Swiss National Bank (SNB) series to […]
Switzerland: SNB doesn’t change monetary policy
As expected, the SNB has not changed monetary policy, keeping rates unchanged: the interest rate on sight deposits held at the SNB remains set at -0.75%, and the margin of […]
Swiss 1000 franc note is getting a new look
Among the world’s most valuable currency notes, Switzerland’s 1,000-franc note ($1,002) is currently underway its design makeover and will be unveiled on March 5. The revamping of the top Swiss […]
SNB is waiting for 2018 loss
The Swiss National Bank expects to swing to an annual loss of 15 billion Swiss francs ($15.29 billion) for 2018, it said on Wednesday, as slumping stock markets and the […]
SNB reported Q3 loss
The Swiss National Bank (SNB) reports a loss of CHF 7.8 billion for the first three quarters of 2018. A valuation loss of CHF 3.7 billion was recorded on gold […]
SNB doesn’t change monetary policy
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and […]
Switzerland wants to keep the crypto crown
Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut […]