central bank of Switzerland
Swiss Banks Face $440 Million Hit on Higher SNB Reserve Rule
bloomberg.com/news/articles/2024-04-22/snb-raises-reserve-requirement-ratio-for-domestic-banks
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Climate groups picket Swiss National Bank's shareholder meeting over its investments
reut.rs/44o6TBa
Quick Glance: Climate activists protest Swiss National Bank
- Climate campaigners picketed the Swiss National Bank's shareholders meeting to protest against investments damaging the environment.
- The protest followed a ruling by Europe's top human rights court that Bern was not adequately protecting citizens from rising temperatures.
- Around 50 activists demanded SNB to divest from fossil fuel and fracking companies or influence their behavior.
- SNB's investments were linked to significant carbon emissions, but it declined to comment on protests or its investment strategy.
SNB Should Consider Women for Top Echelon, Jordan PhD Adviser Says
bloomberg.com/news/articles/2024-04-25/snb-should-consider-women-for-top-echelon-jordan-phd-adviser-says
Paid articlePaid SNB Acknowledges Market Expectations of Further Rate Cuts: The Swiss National Bank acknowledges that investors anticipate more reductions in borrowing costs soon ...
bloomberg.com/news/articles/2024-04-18/snb-acknowledges-market-expectations-of-more-interest-rate-cuts
Paid articlePaid SNB Returns to Quarterly Profit Thanks to Swiss Franc Weakness: The Swiss National Bank returned to a quarterly profit because of the weakness of the franc ...
bloomberg.com/news/articles/2024-04-25/snb-returns-to-quarterly-profit-thanks-to-swiss-franc-weakness
Paid articlePaid Swiss National Bank sceptical on holding bitcoin in its currency reserves: The Swiss National Bank remains sceptical about buying bitcoins, Chairman Thomas ...
reuters.com/business/finance/swiss-national-bank-sceptical-bitcoin-its-currency-reserves-2024-04-26/
SNB Didn’t Reveal Full Carbon Footprint in Report, Activists Say: The Swiss National Bank’s carbon footprint is far higher than reported because the central bank ...
bloomberg.com/news/articles/2024-04-15/snb-didn-t-reveal-full-carbon-footprint-in-report-activists-say
Paid articlePaid SNB raises minimum reserve requirement for domestic banks: The Swiss National Bank said on Monday it is raising the minimum reserve requirement for domestic ...
reuters.com/markets/europe/snb-raises-minimum-reserve-requirement-domestic-banks-2024-04-22/
SNB: Monster profit and distribution policy: 58 billion francs in profit in just three months. Nevertheless, it is true that the Swiss National Bank does not ...
tagesanzeiger.ch/monstergewinn-der-snb-312537521629
Growth is too low but focus must be on price stability, Swiss National Bank chairman says
reuters.com/markets/europe/growth-is-too-low-focus-must-be-price-stability-snbs-jordan-2024-04-20/
SNB must communicate better: The advantages of the Swiss franc as a safe-haven currency lie not only in the fight against inflation or political neutrality ...
nzz.ch/meinung/snb-sollte-ihre-kommunikationspolitik-ueberpruefen-ld.1824712
SNB Won’t Need to Factor Climate Risks Into Policy, Swiss Lawmakers Say: The Swiss National Bank won’t have to take climate and environmental risks into account ...
bloomberg.com/news/articles/2024-04-17/snb-can-continue-to-ignore-climate-risks-swiss-lawmakers-say
Paid articlePaid Global watchdog welcomes reform proposals for Swiss banking: Swiss proposals to better regulate its banking system and make it safer were welcomed by the ...
reuters.com/business/finance/global-watchdog-welcomes-reform-proposals-swiss-banking-2024-04-11/
Funds make biggest bet against yen since 2007: McGeever: Hedge funds have built up their biggest bet against the yen in 17 years, raising the prospect that when ...
reuters.com/markets/funds-make-biggest-bet-against-yen-since-2007-mcgeever-2024-04-15/
Switzerland signs IMF deal to support lower-income countries: Economics Minister Guy Parmelin has signed an agreement to financially support the Global ...
swissinfo.ch/eng/foreign-affairs/switzerland-signs-imf-deal-to-support-lower-income-countries/76091498
Why are fuel prices on the rise in Switzerland?: You have probably noticed that filling up your vehicle has become a tad more expensive recently — more so in ...
thelocal.ch/20240408/why-are-fuel-prices-on-the-rise-in-switzerland
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/
National Bank and CO₂ emissions: Climate Alliance criticizes embellished figures: For the first time, the National Bank disclosed the CO₂ emissions of its ...
tagesanzeiger.ch/co2-fussabdruck-klimaallianz-bezichtigt-die-nationalbank-der-schoenfaerberei-274781834836
Q1/2024 check-up: how the Swiss economy is faring - SWI swissinfo.ch: The highlights of the Swiss economy in the first three months of 2024 - here is our ...
swissinfo.ch/eng/workplace-switzerland/q1-2024-check-up-how-the-swiss-economy-is-faring/75764295
Key interest rates: The central banks are faced with a tightrope walk: The central banks in Europe and the USA are preparing to lower key interest rates ...
wiwo.de/politik/konjunktur/geldpolitik-die-notenbanken-stehen-vor-einem-drahtseilakt/29742548.html
SNB’s Jordan Warns New Inflation Shocks Could Hit ‘Any Time’
bloomberg.com/news/articles/2024-04-26/snb-s-jordan-warns-new-inflation-shocks-could-hit-at-any-time
Homes: Fewer transactions, but hardly any discounts: In the past two years, buying has been more expensive than renting. Despite this, home prices have not ...
nzz.ch/finanzen/eigenheime-hoehere-zinsen-haben-die-preisentwicklung-nicht-gebremst-ld.1827877
Climate activists picket Swiss National Bank’s shareholder meeting: Climate groups want the SNB to sell its holdings in companies that they see as damaging the ...
swissinfo.ch/eng/banking-fintech/climate-activists-picket-swiss-national-banks-shareholder-meeting/76463889
Against SNB investments in fracking: Action in front of Kursaal Bern: During the general meeting of the Swiss National Bank, activists demonstrated for more ...
derbund.ch/gegen-snb-investitionen-in-fracking-aktion-vor-berner-kursaal-659667264528
Swiss National Bank: The weak franc helps the SNB achieve a record profit: The SNB generates a profit of 59 billion francs in three months. Nevertheless ...
nzz.ch/wirtschaft/der-schwaechere-franken-verhilft-der-nationalbank-zu-einem-rekordgewinn-ld.1827926
Climate Alliance and National Bank in dispute - will it now come to court? - Zofinger Tagblatt
zofingertagblatt.ch/klima-die-klima-allianz-stellt-acht-antraege-fuer-die-generalversammlung-der-nationalbank-und-wie-diese-antwortet/
Bitcoin can restore Swiss neutrality, says activist petitioning SNB to invest : ‘Switzerland can lead the way,’ says campaign leader Yves Bennaïm
marketwatch.com/story/bitcoin-can-restore-swiss-neutrality-says-activist-calling-on-central-bank-to-invest-in-cryptocurrency-fecad0ec
Interest rate decision made: Why the ECB decided not to cut interest rates in April
faz.net/aktuell/finanzen/ezb-laesst-die-zinsen-im-april-unveraendert-19644158.html
Where are the markets going? Market strategist sees companies, not the Fed, as rally drivers
finanzen.net/nachricht/aktien/berichtssaison-setzt-sich-die-boersenrally-fort-34-ab-jetzt-zaehlen-die-unternehmenszahlen-nicht-die-fed-34-13404949
SNB to Favor Building Up Capital Over Payouts, Schlegel Says
bloomberg.com/news/articles/2024-04-09/snb-must-favor-building-up-capital-over-payouts-schlegel-says
Swiss Inflation Unexpectedly Slows, Vindicating SNB Rate Cut
bloomberg.com/news/articles/2024-04-04/swiss-inflation-unexpectedly-slows-vindicating-snb-rate-cut
Swiss inflation hits lowest level in two and half years: Swiss inflation eased to its lowest level in two-and-a-half years in March, supporting the Swiss ...
reuters.com/world/europe/swiss-inflation-hits-lowest-level-two-half-years-2024-04-04/
Quick Glance: Swiss Inflation Reaches Lowest Point in Two Years and Six Months
- Swiss inflation dropped to its lowest level in March, marking the lowest point in two and a half years and backing the Swiss National Bank's recent decision to cut interest rates.
- In March 2024, consumer prices increased by 1%, the smallest rise since September 2021 and lower than the 1.2% seen in February.
- Analysts predict that the SNB will lower rates in June to prevent the franc from appreciating.
- The SNB will carefully monitor the inflation situation in May before making any decisions on interest rates in June.
Monkey Man: Inspired by the legend of Hanuman, an icon embodying strength and courage, Monkey Man stars Dev Patel as Kid, an anonymous young man who ekes out a ...
rottentomatoes.com/m/monkey_man
Quick Glance: Dev Patel Showcases Culture in 'Monkey Man'
- Dev Patel will soon make his directorial debut with Monkey Man, blending culture and action to pay homage.
- As a co-scribe, Patel crafted the story to reflect his culture and passion for the genre, creating a beautiful piece of cinema.
- Patel's film emphasizes 'culture and social resonance' while portraying the legend of Hanuman with respect and authenticity.
First major central bank rate cut marks turning of the cycle in March: Switzerland kickstarted the rate cutting cycle among major central banks in March while ...
reuters.com/business/finance/first-major-central-bank-rate-cut-marks-turning-cycle-march-2024-04-03/
Global equity funds draw inflows for fifth week in a row: Global equity funds attracted inflows for a fifth successive week in the seven days to March 27 as ...
reuters.com/markets/global-markets-flows-graphic-pix-2024-04-01/
Quick Glance: Steady Increase in Inflows to Global Equity and Bond Funds
- Investors adjusted their expectations regarding rate cuts by major central banks, leading to a fifth consecutive weekly inflow into global equity funds.
- Asian funds saw the highest net purchase of $6.01 billion, with U.S. funds attracting $2.6 billion and European funds witnessing outflows of $6.63 billion.
- Bond funds experienced the 14th consecutive weekly inflow, totaling approximately $11.19 billion on a net basis.
- In terms of commodities, investors withdrew $586 million from precious metal funds, contrasting with $1.39 billion in net purchases in the previous week, while energy funds received marginal inflows of $8 million.
Swiss Franc to Slump After ‘Remarkable’ SNB Cut, Analysts Say: The Swiss franc is likely to stay under pressure after a surprise interest-rate by the country’s ...
bloomberg.com/news/articles/2024-03-21/swiss-franc-to-slump-after-remarkable-snb-cut-analysts-say
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.
Bank of Canada likely to lead the U.S. Fed in rate cuts: The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut ...
reuters.com/business/finance/bank-canada-likely-lead-us-fed-rate-cuts-2024-03-26/
Quick Glance: Bank of Canada Likely to Lead U.S. Fed in Rate Cuts
- The Bank of Canada is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner, economists and analysts said.
- Canada may also need deeper cuts in the current cycle, since the economy is much more sensitive to interest rates due to its household debt, which as a percentage of net disposable income is the highest among G7 countries.
- Canada is expected to cut more aggressively over a longer time frame than its neighbor.
- Bank of Canada Governor Tiff Macklem has said that despite two back-to-back soft inflation prints, underlying price pressures in the economy still persisted and it was still too early to consider a cut.
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/
UBS CEO says integrating Credit Suisse will become a 'case study' for future big bank mergers
cnbc.com/2024/04/05/ubs-ceo-says-credit-suisse-will-be-a-case-study-for-big-bank-mergers.html
Swiss Central Bank Reduced Push to Prop Up Franc in 4th Quarter
bloomberg.com/news/articles/2024-03-19/swiss-central-bank-reduced-push-to-prop-up-franc-in-4th-quarter
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Switzerland prices hardly rise: What's behind its falling inflation?: Prices in Switzerland remained unchanged compared to the previous month and rose only ...
euronews.com/business/2024/04/04/prices-hardly-rise-in-switzerland-whats-behind-its-falling-inflation
Obituary: influential Swiss graphic artist Roger Pfund : Roger Pfund, who has died aged 80, was a Swiss painter, graphic artist and designer ...
swissinfo.ch/eng/culture/obituary-influential-swiss-graphic-artist-roger-pfund/73854674
Switzerland Shows No Signs of Changing the SNB After Jordan’s Long Reign: Switzerland could have the best chance in years to revamp its central bank right now ...
bloomberg.com/news/articles/2024-03-16/switzerland-shows-no-signs-of-changing-the-snb-after-jordan-s-long-reign
Paid articlePaid Morning Bid: Dollar flexes again, Japan warns: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-03-27/
SNB Says Review of UBS Capital Needed After Credit Suisse Takeover: Swiss regulators should re-examine the capital requirements placed on UBS Group AG in the ...
bloomberg.com/news/articles/2024-03-19/snb-says-review-of-ubs-capital-needed-due-to-increased-scale
Paid articlePaid Swiss financial regulator plans to stress-test UBS this year: Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two ...
reuters.com/business/finance/swiss-financial-regulator-plans-stress-test-ubs-this-year-2024-03-20/
Wall Street extends overnight record setting after SNB cut, steady Fed: Global share benchmarks rallied farther into uncharted territory on Thursday and yields ...
reuters.com/markets/global-markets-wrapup-1-2024-03-21/
SNB’s Balance Sheet Is Just Too Big for Comfort, OECD Warns
bloomberg.com/news/articles/2024-03-14/snb-s-balance-sheet-is-just-too-big-for-comfort-oecd-warns
Paid articlePaid Norway keeps interest rate on hold, eyes autumn cut: Norway's central bank kept its benchmark interest rate unchanged at 4.50% on Thursday ...
reuters.com/markets/rates-bonds/norway-keeps-interest-rate-hold-eyes-autumn-cut-2024-03-21/
Asia shares idle, dollar firm ahead of central bank bonanza: Asian shares idled and the dollar held firm on Monday as investors looked to navigate a minefield of ...
reuters.com/markets/global-markets-wrapup-1-2024-03-18/
SNB to wait until at least June before cutting rates modestly - Reuters poll: The Swiss National Bank will wait until at least June before cutting interest rates ...
reuters.com/business/finance/snb-wait-until-least-june-before-cutting-rates-modestly-2024-03-18/
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/
UK interest rates held at 5.25%: Bank of England maintains rate, despite predictions that inflation will be below its own 2% target within months
thenationalnews.com/world/uk-news/2024/03/21/uk-interest-rates-bank-of-england/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
The great central bank policy reversal kicks off: The world's biggest central banks are on the starting line of reversing a record string of interest rate hikes ...
reuters.com/markets/rates-bonds/great-central-bank-policy-reversal-kicks-off-2024-03-22/
Morning Bid: Central bank-sensitive shares face week of data: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-24/
Morning Bid: No holiday for US core inflation: A look at the day ahead in European and global markets from Wayne Cole.
reuters.com/world/europe/global-markets-view-europe-2024-03-25/
Definitive annual figures: SNB writes loss of 3.2 billion francs in 2023: The Swiss National Bank (SNB) reports a definitive loss of 3.2 billion francs for 2023 ...
tagesanzeiger.ch/keine-ausschuettungen-fuer-bund-und-kantone-snb-schreibt-2023-definitiven-verlust-von-3-2-milliarden-franken-477233270611
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.
Trigger warning for Italians.
🔗 ECB staff in uproar after lunch canteen downgrades olive oil – POLITICO
Swiss Seek New Franc Pilot as Jordan Exits After 12 Years: One of Switzerland’s most consequential public appointments in a generation will take place this year ...
bloomberg.com/news/articles/2024-03-01/switzerland-needs-a-new-franc-pilot-as-jordan-quits-the-cockpit
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Switzerland gets a surprise rate cut. Will other central banks move before the Fed?
cnn.com/2024/03/21/economy/switzerland-europe-interest-rate-cuts/
Paid articlePaid UBS's rescue of Credit Suisse has created new risks for Switzerland, OECD says: UBS's rescue takeover of Credit Suisse a year ago has created "new risks and ...
reuters.com/markets/deals/ubss-rescue-credit-suisse-has-created-new-risks-switzerland-oecd-says-2024-03-14/
Switzerland Today: Today's briefing: a surprise interest rate drop, a worrying addiction study, and summer travel.
swissinfo.ch/eng/swiss-abroad/switzerland-today/74040979
Banks: Swiss central bank apparently wants to make it easier for banks to access liquidity
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-schweizer-notenbank-will-offenbar-banken-zugang-zu-liquiditaet-erleichtern/100025315.html
Switzerland Today: In today's briefing: remote-controlled trains, Swiss neutrality, bank stress tests and a World Happiness Report.
swissinfo.ch/eng/swiss-abroad/switzerland-today-swiss-news-briefing/73970448
Monetary policy: Swiss National Bank surprisingly cuts key interest rate - Franconia falls
handelsblatt.com/finanzen/geldpolitik/geldpolitik-schweizer-nationalbank-senkt-ueberraschend-den-leitzins-franken-faellt/100026250.html
More than Lagarde and Powell: SNB boss Jordan receives an annual salary of 1.1 million euros
diepresse.com/18288190/mehr-als-lagarde-und-powell-snb-chef-jordan-kassiert-11-millionen-euro-jahresgehalt
Hannon’s Take: The Swiss Aside, Central Bankers Have Yet to Declare Victory: It is increasingly clear that central banks in rich countries expect to lower rates ...
wsj.com/articles/hannons-take-the-swiss-aside-central-bankers-have-yet-to-declare-victory-52078725
Swiss National Bank: SNB strengthened franc in 2023 with massive foreign currency sales
handelsblatt.com/finanzen/geldpolitik/schweizerische-nationalbank-snb-staerkte-franken-2023-mit-massiven-fremdwaehrungsverkaeufen/100025512.html
Inflation: Swiss inflation at its lowest level in almost two and a half years: At 1.2 percent, inflation in February is clearly within the Swiss National Bank's ...
handelsblatt.com/finanzen/geldpolitik/teuerung-schweizer-inflation-auf-niedrigstem-stand-seit-fast-zweieinhalb-jahren/100020519.html
Despite the high interest rates, two-year fixed-rate mortgages are still cheaper than Saron mortgages.
👉 However, the SNB decision could change this: Show more
Real Estate: Mortgage interest rates rise to annual high | trade newspaper
Real Estate: Mortgage interest rates rise to annual high | trade newspaper
Today in Switzerland: A roundup of the latest news on Thursday: More protection for foreign domestic abuse victims; Geneva healthcare workers may have to do ...
thelocal.ch/20240229/today-in-switzerland-a-roundup-of-the-latest-news-on-thursday-131
Swiss Franc (CHF/USD): SNB Details Billions Needed to Keep Currency in Check: The Swiss National Bank needs to spend roughly 27 billion francs ($30 billion) to ...
bloomberg.com/news/articles/2024-04-01/snb-research-details-billions-needed-to-keep-currency-in-check
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Inflation, currency, total assets: How good was Thomas Jordan?: No one shaped Switzerland's most important economic indicators like Thomas Jordan ...
solothurnerzeitung.ch/wirtschaft/nationalbank-ein-riesenberg-devisen-tiefe-teuerung-starke-waehrung-thomas-jordans-aera-in-drei-grafiken-ld.2586457
The Irish hotel that could have served as the Swiss government’s secret base: In the south of Ireland, a hotel could have become the refuge of the Swiss ...
swissinfo.ch/eng/history/the-irish-hotel-that-could-have-served-as-the-swiss-governments-secret-base/73599221
Switzerland Is Revamping Its Financial System After Credit Suisse Collapse: The government is unveiling banking reform proposals, and a new regulator is in ...
bloomberg.com/news/articles/2024-04-04/switzerland-is-revamping-its-financial-system-after-credit-suisse-collapse
Paid articlePaid Steve Bannon’s man in Italy wins fight over right-wing ‘gladiator school’: Victorious former EU Parliament staffer said the court verdict was a blow against ...
politico.eu/article/steve-bannon-rome-right-wing-gladiator-school-populist-nationalists/
Quick Glance: Right-Wing 'Gladiator School' Triumphs for Steve Bannon
- In the midst of Europe's shift to the right, Steve Bannon looks to make a political comeback following a landmark court victory.
- The head of the Swiss National Bank is set to step down from his position in the autumn.
- While the financial canary in Europe's coal mine continues to chirp merrily, there are ominous signs on the horizon.
- As numerous fixed-rate agreements expire this year, homeowners will soon feel the impact of the rising interest rates in 2023.
SNB Flouts Global Practice by Promoting Insiders, Economists Say: Swiss National Bank appointments go against the grain of global peers because the government ...
bloomberg.com/news/articles/2024-04-02/snb-flouts-global-practice-by-promoting-insiders-economists-say
Paid articlePaid Sterling hits one-week high vs dollar, focus on rally against Swiss Franc: Sterling edged higher against a weakening dollar and dropped versus the euro on ...
reuters.com/markets/currencies/sterling-hits-one-week-high-vs-dollar-focus-rally-against-swiss-franc-2024-04-04/
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