United States financial company based in Arkansas
Swiss National Bank's Jordan against issuing retail cenbank digital currency: The Swiss National Bank sees no need for a central bank digital currency (CBDC) to ...
reuters.com/markets/currencies/swiss-national-banks-jordan-against-issuing-retail-cenbank-digital-currency-2024-04-08/
Normandy mortgaged city hall to buy a new one. Now it’s suing to void the loan.: The lawsuit alleges former Normandy officials violated state law by signing the ...
stltoday.com/news/local/government-politics/normandy-mortgaged-city-hall-to-buy-a-new-one-now-it-s-suing-to-void/article_f4efd296-fb48-11ee-9c85-6ffec45676f7.html
Swiss National Bank could consider rotating chairmanship, head of group says: The Swiss National Bank could consider a rotating chairmanship as it seeks a ...
reuters.com/business/finance/swiss-national-bank-should-conduct-broader-search-chairman-successor-report-2024-04-02/
SNB Says Banks Need Better Liquidity, Loss Absorption Plans: The Credit Suisse crisis showed that Swiss banks need to plan better for emergency situations in ...
bloomberg.com/news/articles/2024-03-21/snb-says-banks-need-better-liquidity-loss-absorption-plans
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SNB's Schlegel sees need for analysis of UBS's capital requirements: The Swiss National Bank's vice chairman called for an in-depth review of UBS's capital ...
reuters.com/business/finance/snbs-schlegel-sees-need-analysis-ubss-capital-requirements-2024-03-28/
Swiss National Bank surprises with quarter point interest rate cut: The Swiss National Bank cut its main interest rate by 25 basis points to 1.50% on Thursday ...
reuters.com/markets/rates-bonds/swiss-national-bank-surprises-with-interest-rate-cut-2024-03-21/
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Markets ready for more as Switzerland starts clock on rate cuts: Markets are racing ahead to bet on big central banks lowering borrowing costs after Switzerland ...
reuters.com/markets/rates-bonds/markets-ready-more-switzerland-starts-clock-rate-cuts-2024-03-21/
A year on from Credit Suisse's rescue, banks remain vulnerable
reuters.com/markets/europe/year-credit-suisses-rescue-banks-remain-vulnerable-2024-03-15/
Swiss National Bank posts annual loss of $3.6 billion
reut.rs/3IjNTtc
Quick Glance: Definitive Figures: SNB Reports 3.2 Billion Franc Loss
- The Swiss National Bank (SNB) reports a definitive loss of 3.2 billion Swiss francs in 2023, with no distributions to the federal government and cantons.
- SNB achieved profits on foreign currency positions and gold holdings, but incurred losses on Swiss franc positions.
- Despite the anticipated loss, distributions to the federal government and cantons, as well as dividends to shareholders, are withheld.
- The published figures confirm a balance sheet loss of 53.2 billion Swiss francs after accounting for provisions and distribution reserves.
Swiss central bank boss to step down: Thomas Jordan, who has been at the helm of the Swiss National Bank (SNB) for over a decade, will leave the role at the end ...
swissinfo.ch/eng/banking-fintech/swiss-central-bank-boss-to-step-down/73201943
Traders anticipate SNB rate cut in March as Swiss inflation eases: Inflation in Switzerland fell unexpectedly in January, potentially paving the way for the ...
euronews.com/business/2024/02/13/swiss-rate-cut-on-cards-traders-position-themselves-as-inflation-eases
Stronger Swiss Franc Painful for Companies, SNB President Thomas Jordan Says: A stronger franc has helped dampen inflation in Switzerland but has also been ...
bloomberg.com/news/articles/2024-01-23/snb-president-says-stronger-swiss-franc-painful-for-companies
Worries of too large UBS are ‘over the top’, says SNB head: Worries that UBS Group is now too big for Switzerland are exaggerated, according to the country’s ...
swissinfo.ch/eng/business/worries-of-too-large-ubs-are--over-the-top---says-snb-head/49169602
Simmons Bank example of Dallas brothers' RedBird efforts: Tim and Terrence Maiden played football at Carter High School and TCU and returned to their hometown to ...
dallasnews.com/business/retail/2023/11/16/simmons-bank-south-dallas-tim-terrence-maiden-redbird/
SNB skips second payout in row as record loss haunts central bank: Switzerland will for the second time in a row not see any payout from its central bank ...
swissinfo.ch/eng/business/snb-skips-second-payout-in-a-row-as-record-loss-haunts-central-bank/49110840
RedBird bank is more proof of untapped potential in Southern Dallas: A full service bank has opened near Red Bird. More development should follow ...
dallasnews.com/opinion/editorials/2023/11/25/redbird-bank-untapped-potential-southern-dallas/
Pressure grows on SNB to turn back on fracking: Non-governmental organisations are calling on the Swiss National Bank to phase out fracking investments.
swissinfo.ch/eng/business/pressure-grows-on-snb-to-turn-back-on-fracking/49068672
Banks should slow deposit withdrawals, prepare better collateral to evade crises - SNB
reuters.com/business/finance/banks-should-slow-deposit-withdrawals-prepare-better-collateral-evade-crises-snb-2023-11-09/
Swiss central banks keeps interest rates on hold: The Swiss National Bank is extending its pause in interest rate hikes by keeping the key rate at 1 ...
swissinfo.ch/eng/business/swiss-central-banks-keeps-interest-rates-on-hold/49058850
Swiss National Bank Chairman defends handling of Credit Suisse crisis: Swiss National Bank (SNB) Chairman Thomas Jordan on Wednesday defended the central bank's ...
reuters.com/markets/europe/swiss-national-bank-chairman-defends-handling-credit-suisse-crisis-2023-11-01/
Swiss National Bank posts 12 bln franc Q3 loss: The Swiss National Bank on Tuesday posted a 12.04 billion franc ($13.36 billion) loss for the third quarter as ...
reuters.com/business/finance/swiss-national-bank-posts-1203-bln-franc-q3-loss-2023-10-31/
Swiss consumer inflation slows more than expected: Swiss inflation unexpectedly slowed to a two-year low, adding to the case for Swiss National Bank officials to ...
swissinfo.ch/eng/business/swiss-consumer-inflation-slows-more-than-expected/49028396
Bank rescue package: Swiss government encounters resistance: The Federal Council wants to introduce a state liquidity guarantee for banks. However ...
swissinfo.ch/eng/business/bank-rescue-package--swiss-government-encounters-resistance/49031728
Swiss National Bank criticised for alleged $9bn fracking investment: The SNB has been slammed for an alleged $9 billion (CHF7.9 billion) investment in 69 oil and ...
swissinfo.ch/eng/business/swiss-national-bank-criticised-for-alleged--9bn-fracking-investment/48992172
Swiss central bank sees independence as the guarantor of growth: According to the Swiss National Bank (SNB) Chairman Thomas Jordan, , maintaining independence ...
swissinfo.ch/eng/business/swiss-central-bank-sees-independence-as-the-guarantor-of-growth/48990780
Swiss inflation holds at 1.7%, boosting case for SNB rate pause: Swiss inflation stalled in October, delaying an anticipated rebound and strengthening the case ...
swissinfo.ch/eng/business/swiss-inflation-holds-at-1.7---boosting-case-for-snb-rate-pause/48945588
Swiss National Bank vice president says talk couldn't save Credit Suisse: The Swiss National Bank’s vice president said the central bank lacked the means to ...
swissinfo.ch/eng/business/swiss-national-bank-vice-president-says-talk-couldn-t-save-credit-suisse/48934170
Swiss central bank in wait and see mode after surprise pause in hikes: The Swiss National Bank held out the prospect of further interest rate hikes later this ...
reuters.com/markets/europe/swiss-national-bank-holds-rates-steady-will-not-rule-out-more-hikes-2023-09-21/
Swiss government appoints new Swiss National Bank board member: The Swiss government has appointed a new member of the Swiss National Bank's rate-setting ...
reuters.com/business/finance/swiss-govt-appoints-new-snb-board-member-2023-09-22/
Swiss National Bank leaves rates unchanged: The Swiss National Bank held its policy interest rate unchanged at 1.75% on Thursday.
swissinfo.ch/eng/business/swiss-national-bank-leaves-rates-unchanged/48830180
SNB’s final rate hike risks ending franc's rally: The Swiss National Bank will likely conclude its unprecedented tightening campaign with a quarter-point ...
swissinfo.ch/eng/business/snb-s-final-rate-hike-risks-ending-franc-s-rally/48826472
SNB foreign exchange reserves fall further: The foreign exchange reserves held by the Swiss National Bank (SNB) have continued to dwindle.
swissinfo.ch/eng/business/snb-foreign-exchange-reserves-fall-further/48795724
UBS voluntarily terminates guarantee agreement with Swiss government: The Swiss government and taxpayers will no longer bear any risks from guarantees made to ...
swissinfo.ch/eng/business/ubs-voluntarily-terminates-guarantee-agreement-with-swiss-government/48728048
Quick Glance: UBS drops $10bn state backstop for Credit Suisse deal
- Bank states that Swiss government's protection from losses is no longer needed
- UBS no longer requires a SFr9bn ($10.3bn) backstop from the Swiss government that was designed to shield the bank from losses following its rescue of Credit Suisse.
- UBS has also terminated a SFr100bn liquidity lifeline offered by the Swiss National Bank at the height of the banking sector turmoil in the spring and after the Credit Suisse takeover.
- UBS is expected to announce its decision over whether it will retain or spin off Credit Suisse's domestic business at its second-quarter results on August 31.
SNB to launch digital currency pilot: The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on Switzerland's SIX digital ...
reuters.com/markets/currencies/snb-launch-digital-currency-pilot-chairman-2023-06-26/
Swiss National Bank governor flags further rate hikes: Swiss National Bank (SNB) Chairman Thomas Jordan flagged further interest rate hikes in an interview aired ...
reuters.com/business/finance/swiss-national-bank-governor-flags-further-rate-hikes-2023-06-24/
Quick Glance: Swiss National Bank plans further interest rate hikes
- SNB Chairman announces interest rate hikes in SRF interview.
- Interest rate raised by 25 basis points to dampen inflation.
- Jordan expects outstanding debt to be repaid soon.
- Credit Suisse repaid liquidity backed by Swiss government.
Swiss National Bank calls for new measures after Credit Suisse crash: The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the ...
reuters.com/business/finance/swiss-national-bank-says-new-measures-needed-after-credit-suisse-crash-2023-06-22/
Quick Glance: Swiss National Bank calls for more resilience following Credit Suisse crisis
- The Swiss National Bank (SNB) stresses the need to draw important lessons from the crisis that led to the takeover of Credit Suisse by UBS.
- Measures are required to strengthen banks' resilience.
- Banks' resilience must be strengthened to avoid loss of confidence and ensure effective options to stabilize, recover or wind down systemically important banks in times of crisis.
- On Thursday, the SNB published its Financial Stability Report 2023, which highlights that compliance with capital requirements is necessary but insufficient to ensure trust in a bank.
Swiss franc falls, Norwegian crown surges after SNB, Norges hikes: The Swiss franc fell on Thursday after the Swiss National Bank (SNB) hiked its benchmark ...
reuters.com/markets/currencies/dollar-weakens-powells-testimony-offers-little-surprise-sterling-steady-2023-06-22/
Saudi National Bank second quarter net profit up 9 pct, beating estimates: Saudi National Bank (SNB) on Tuesday reported a 9.3 percent jump in net profit for the ...
english.alarabiya.net/business/economy/2023/07/25/Saudi-National-Bank-second-quarter-net-profit-up-9-pct-beating-estimates
Swiss National Bank raises interest rate for fifth time running: The Swiss National Bank (SNB) raised its policy interest rate to 1.75% on Thursday to fight ...
swissinfo.ch/eng/business/swiss-national-bank-raises-interest-rate-for-5th-time-running/48610880
Swiss cash use drops in reality check for bill-and-coin haven: Switzerland’s cash-obsessed citizens are falling out of love with physical money.
swissinfo.ch/eng/business/swiss-cash-use-drops-in-reality-check-for-bill-and-coin-haven/48557550
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