Swiss National Bank

Latest stories

15h
Swissinfo
Matt Levine's Money Stuff: Tax Fights and Research Changespushing up stock prices without regard for fundamentals, and eventually leading
Matt Levine's Money Stuff: Tax Fights and Research Changes
Swissinfo / Posted 15 hours ago
pushing up stock prices without regard for fundamentals, and eventually leading to communism, what do you think about the Swiss National Bank's stock purchasing? The Swiss National Bank has become a multi-billion-dollar equity investor due to its... Read more
16h
Swissinfo
Swiss manufacturers give cautiously optimistic outlookThe lobby group is therefore confident that its members had weathered the worst
Swiss manufacturers give cautiously optimistic outlook
Swissinfo / Posted 16 hours ago
The lobby group is therefore confident that its members had weathered the worst of the strong franc storm, triggered by the Swiss National Bank abandoning its euro peg 20 months ago. “Current figures for the MEM industries indicate that the nadir... Read more
1d
Swissinfo
Fed’s Fischer Says Negative Rates Seem to Work in Today’s Worldseen in other countries is, to be honest, they’ve got this a bit wrong,” Carney
Fed’s Fischer Says Negative Rates Seem to Work in Today’s World
Swissinfo / Posted yesterday
seen in other countries is, to be honest, they’ve got this a bit wrong,” Carney said in a radio interview in early August. Swiss National Bank President Thomas Jordan has said that negative rates are “absolutely necessary” in his country. Boosting... Read more
4 related stories
1d
Swissinfo
Credit Suisse sells off bricks and mortarformer Volksbank building on Bahnhofstrasse to Axa Winterthur for around CHF300
Credit Suisse sells off bricks and mortar
Swissinfo / Posted yesterday
former Volksbank building on Bahnhofstrasse to Axa Winterthur for around CHF300 million and the Metropol building to the Swiss National Bank for an undisclosed fee. In 2014, another Zurich landmark building – the Grieder-Haus – was snapped up by... Read more
5d
Newsmax
James Grant: Gold Is 'Very Timely Way to Invest in Monetary Disorder'the stock market is at record highs and the bond market is acting as if this we
James Grant: Gold Is 'Very Timely Way to Invest in Monetary Disorder'
Newsmax / Posted 5 days ago
the stock market is at record highs and the bond market is acting as if this were the Great Depression. Meanwhile, the Swiss National Bank is buying a great deal of American equity. Grant urges investors: don’t be fooled. “The Fed is now... Read more
2 related stories
7d
Swissinfo
Why the Swiss Favor Negative Rates Over QE in Three Chartsprincipal headache is the exchange rate, they’re the best available tool -- alo
Why the Swiss Favor Negative Rates Over QE in Three Charts
Swissinfo / Posted 7 days ago
principal headache is the exchange rate, they’re the best available tool -- along with currency interventions -- for the Swiss National Bank president. With little government debt and no credit crunch, measures such as targeted lending operations... Read more
7d
Zero Hedge
Jim Grant Is "Very Bullish On Gold"and spots one of the biggest risks in government debt. He’s also scratching his
Jim Grant Is "Very Bullish On Gold"
Zero Hedge / Posted 7 days ago
and spots one of the biggest risks in government debt. He’s also scratching his head over the massive investments which the Swiss National Bank undertakes in the US stock market." "I’m very bullish on gold and I’m very bullish on gold mining... Read more
2 related stories
8d
CNBC
Is time running out for Switzerland’s luxury watch sales?Swiss francs, the first fall since 2009. Lesne said the drop in exports can be
Is time running out for Switzerland’s luxury watch sales?
CNBC / Posted 8 days ago
Swiss francs, the first fall since 2009. Lesne said the drop in exports can be traced in part to decisions made by the Swiss National Bank. "The Swiss franc has appreciated quite markedly against the euro in the last 18 months since they... Read more
8d
Swissinfo
The eerie calm of the Swiss franc after Brexitappreciated sharply, except between September 2011 and January last year, when
The eerie calm of the Swiss franc after Brexit
Swissinfo / Posted 8 days ago
appreciated sharply, except between September 2011 and January last year, when its value against the euro was capped by the Swiss National Bank (SNB). But so far, and to the surprise of many, the Brexit vote is failing to have the impact on the... Read more
9d
Zero Hedge
Jim Grant: "This Will Turn Out To Be Very Bad For Many People"newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt
Jim Grant: "This Will Turn Out To Be Very Bad For Many People"
Zero Hedge / Posted 9 days ago
newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold. From multi-billion bond buying programs to negative interest rates and probably soon... Read more
9d
Reuters
Currency market struggles despite Brexit night bouncewith credit and trading infrastructure. However, a number of computer funds we
Currency market struggles despite Brexit night bounce
Reuters / Posted 9 days ago
with credit and trading infrastructure. However, a number of computer funds were badly caught out last year when the Swiss National Bank (SNB) abruptly ended a cap on the franc, and the currency shot up. Worried about the risk of providing... Read more
10d
The Telegraph
Reality check on economic growthneed to get back out of it. So, the lowering of interest rates - we are seeing
Reality check on economic growth
The Telegraph / Posted 10 days ago
need to get back out of it. So, the lowering of interest rates - we are seeing it in the European Central Bank (ECB), the Swiss National Bank, the Bank of Japan, several other countries are doing it - they are not getting the growth that you would... Read more
12d
Channel NewsAsia
FXCM says notified CFTC, NFA of January 2015 capital shortfallFutures Trading Commission and the National Futures Association of its capital
FXCM says notified CFTC, NFA of January 2015 capital shortfall
Channel NewsAsia / Posted 12 days ago
Futures Trading Commission and the National Futures Association of its capital deficiency on January 15 last year, when the Swiss National Bank moved to abandon the Swiss franc's peg to the euro. This was contrary to what the CFTC said in its... Read more
2 related stories
12d
Zero Hedge
Two More Banks Start Charging Select Clients For Holding CashRBS move affects only a subset of business customers, some lenders in Europe, w
Two More Banks Start Charging Select Clients For Holding Cash
Zero Hedge / Posted 12 days ago
RBS move affects only a subset of business customers, some lenders in Europe, where both the European Central Bank and the Swiss National Bank have kept interest rates below zero for months, have been charging a wider array of customers to hold... Read more
4 related stories
14d
Swissinfo
Brexit Lets Battered Currency Brokers Lay Swiss Ghosts to Rest-- spurred by Britain’s June 23 decision to quit the European Union. FXCM Inc.
Brexit Lets Battered Currency Brokers Lay Swiss Ghosts to Rest
Swissinfo / Posted 14 days ago
-- spurred by Britain’s June 23 decision to quit the European Union. FXCM Inc., which had to be bailed out when the Swiss National Bank abandoned its exchange-rate cap in January 2015, reported a 60 percent jump in average weekly... Read more
14d
Swissinfo
Swiss banks tipped to retain stabilitybubble and defaults should interest rates rise too swiftly. However, Moody’s sa
Swiss banks tipped to retain stability
Swissinfo / Posted 14 days ago
bubble and defaults should interest rates rise too swiftly. However, Moody’s said that measures put into place by the Swiss National Bank to prevent lending from spiraling out of control should contain the situation. Swiss banks are also well... Read more
14d
Naked Capitalism
Banks Pushing Back Against Negative Interest Rates With Threat to Store Cashfor two or three banks … to make clear that there is a lower bound for interest
Banks Pushing Back Against Negative Interest Rates With Threat to Store Cash
Naked Capitalism / Posted 14 days ago
for two or three banks … to make clear that there is a lower bound for interest rates,” he said. “I don’t think the Swiss National Bank will be able to cut rates again without insurers and banks trying to hoard cash. “[Hoarding cash] is in... Read more
15d
Swissinfo
Why Switzerland’s Franc Is Still Strong in Four Charts(Bloomberg) -- Swiss National Bank President Thomas Jordan keeps saying the fra
Why Switzerland’s Franc Is Still Strong in Four Charts
Swissinfo / Posted 15 days ago
(Bloomberg) -- Swiss National Bank President Thomas Jordan keeps saying the franc is “significantly overvalued.” And that’s despite the central bank’s record-low deposit rate and occasional currency market interventions. While the franc is typically... Read more
15d
CNBC
Banks are considering using vaults to store cash piles as rates go negativefor two or three banks . . . to make clear that there is a lower bound for inte
Banks are considering using vaults to store cash piles as rates go negative
CNBC / Posted 15 days ago
for two or three banks . . . to make clear that there is a lower bound for interest rates," he said. "I don't think the Swiss National Bank will be able to cut rates again without insurers and banks trying to hoard cash." "[Hoarding cash] is in... Read more
17d
Swissinfo
Switzerland is an ‘island of bliss’: State economistit was still being felt in areas. There are 10,000 more unemployed than before
Switzerland is an ‘island of bliss’: State economist
Swissinfo / Posted 17 days ago
it was still being felt in areas. There are 10,000 more unemployed than before the 2015 “Frankenschock” move by the Swiss National Bank to remove the franc-euro peg. But he added: “The main obstacle to export growth now is the global and... Read more
19d
Zero Hedge
Michigan Pension Funds Boost Tesla Stake By Over 200%and Exchange Commission filings. That means that as of June 30, Michigan retire
Michigan Pension Funds Boost Tesla Stake By Over 200%
Zero Hedge / Posted 19 days ago
and Exchange Commission filings. That means that as of June 30, Michigan retirees owned more Tesla stock than even the Swiss National Bank, which according to its latest 13-F owned "only" $59 million in shares of the car maker. What makes the... Read more
2 related stories
19d
Swissinfo
The appeal of Switzerland for British leadersand dinners given for the Thatchers”. Guests included Karl Brunner, a Swiss eco
The appeal of Switzerland for British leaders
Swissinfo / Posted 19 days ago
and dinners given for the Thatchers”. Guests included Karl Brunner, a Swiss economist, Fritz Leutwiler, president of the Swiss National Bank, and Yehudi Menuhin, the violinist and conductor. Moore wrote how, on one occasion, Thatcher came... Read more
20d
Market Watch
Rising kiwi illustrates how central banks are pumping up risky assetsas risky in search of better returns. Implied volatility among G-10 currencies
Rising kiwi illustrates how central banks are pumping up risky assets
Market Watch / Posted 20 days ago
as risky in search of better returns. Implied volatility among G-10 currencies is at its lowest level since before the Swiss National Bank surprised markets by abandoning its peg to the euro January 2015—a decision that unleashed unprecedented... Read more
20d
Swissinfo
IMF Sees ECB Focus on More Asset Buying as Rate Cuts Near Limitsome cash from the negative rate -- for example by excluding 75 percent of exce
IMF Sees ECB Focus on More Asset Buying as Rate Cuts Near Limit
Swissinfo / Posted 20 days ago
some cash from the negative rate -- for example by excluding 75 percent of excess reserves, similar to the system at the Swiss National Bank where the deposit rate is minus 0.75 percent. Draghi said in March that the Governing Council discussed... Read more
3 related stories
22d
FOX Business
The Yellen dilemma322 year history. The low-interest rate trend is global. Consider the recent a
The Yellen dilemma
FOX Business / Posted 22 days ago
322 year history. The low-interest rate trend is global. Consider the recent actions taken by the Bank of Japan, ECB, Swiss National Bank, and the Australian Central Bank. In my opinion, a data-driven central banker like Yellen must... Read more
22d
FOX Business
The Yellen dilemma322 year history. The low-interest rate trend is global. Consider the recent a
The Yellen dilemma
FOX Business / Posted 22 days ago
322 year history. The low-interest rate trend is global. Consider the recent actions taken by the Bank of Japan, ECB, Swiss National Bank, and the Australian Central Bank. In my opinion, a data-driven central banker like Yellen must... Read more
26d
Zero Hedge
666: The Number Of Rate Cuts Since Lehman666 times since Lehman." One would think this attempt by central banks to push
666: The Number Of Rate Cuts Since Lehman
Zero Hedge / Posted 26 days ago
666 times since Lehman." One would think this attempt by central banks to push everyone into risk assets, certainly the Swiss National Bank which as we showed yesterday has increased its US equity holdings by 50% in the first half of 2016... Read more
27d
Zero Hedge
"Mystery" Buyer Revealed: Swiss National Bank's US Stock Holdings Rose 50% In First Half, To Record $62BNand smart money investors have been aggressively selling... ... yesterday we g
"Mystery" Buyer Revealed: Swiss National Bank's US Stock Holdings Rose 50% In First Half, To Record $62BN
Zero Hedge / Posted 27 days ago
and smart money investors have been aggressively selling... ... yesterday we got the answer. In the second quarter, the Swiss National Bank added $7.3 billion to its US equity portfolio, and according to its just filed 13-F, is now long a record... Read more
29d
Market Watch
Credit Suisse, Deutsche Bank being booted from top index is another blow for banksa year. Banking shares across Europe were already swooning from negative inter
Credit Suisse, Deutsche Bank being booted from top index is another blow for banks
Market Watch / Posted 29 days ago
a year. Banking shares across Europe were already swooning from negative interest rates at the European Central Bank and Swiss National Bank, which were eroding profits. Both Credit Suisse and Deutsche Bank are down around 50% this year and have... Read more
46 related stories
29d
International Business Times
What will come out of an expected Bank of England interest rate cut to historic low? of years, a number of central banks, including Danmarks Nationalbank, the Europ
What will come out of an expected Bank of England interest rate cut to historic low?
International Business Times / Posted 29 days ago
of years, a number of central banks, including Danmarks Nationalbank, the European Central Bank, Sveriges Riksbank, the Swiss National Bank and most recently the Bank of Japan have all cut rates to or below zero. 5) Is this a sign central banks... Read more
13 related stories
30d
Swissinfo
Central Bankers Float New Currency System, Safety Net at Confabcritical as monetary policy stances diverge across the major economic areas,” h
Central Bankers Float New Currency System, Safety Net at Confab
Swissinfo / Posted 30 days ago
critical as monetary policy stances diverge across the major economic areas,” he said. Swiss Scenario In the case of the Swiss National Bank, Chairman Thomas Jordan said it had no option but to abandon a conventional policy approach after a wave... Read more
2 related stories
30d
WA Today
The five biggest risks for marketsthe stock market. But you could well be wrong. The last few big stimulus progr
The five biggest risks for markets
WA Today / Posted 30 days ago
the stock market. But you could well be wrong. The last few big stimulus programs from the ECB, the Bank of Japan and the Swiss National Bank have been met with falls in currency and equity markets. Indeed, negative interest rates in Japan and... Read more
4 related stories
30d
Canberra Times
The five biggest risks for marketsthe stock market. But you could well be wrong. The last few big stimulus progr
The five biggest risks for markets
Canberra Times / Posted 30 days ago
the stock market. But you could well be wrong. The last few big stimulus programs from the ECB, the Bank of Japan and the Swiss National Bank have been met with falls in currency and equity markets. Indeed, negative interest rates in Japan and... Read more
4 related stories
30d
Brisbane Times
The five biggest risks for marketsthe stock market. But you could well be wrong. The last few big stimulus progr
The five biggest risks for markets
Brisbane Times / Posted 30 days ago
the stock market. But you could well be wrong. The last few big stimulus programs from the ECB, the Bank of Japan and the Swiss National Bank have been met with falls in currency and equity markets. Indeed, negative interest rates in Japan and... Read more
4 related stories
30d
The Age
The five biggest risks for marketsthe stock market. But you could well be wrong. The last few big stimulus progr
The five biggest risks for markets
The Age / Posted 30 days ago
the stock market. But you could well be wrong. The last few big stimulus programs from the ECB, the Bank of Japan and the Swiss National Bank have been met with falls in currency and equity markets. Indeed, negative interest rates in Japan and... Read more
4 related stories
30d
Sydney Morning Herald
The five biggest risks for marketsthe stock market. But you could well be wrong. The last few big stimulus progr
The five biggest risks for markets
Sydney Morning Herald / Posted 30 days ago
the stock market. But you could well be wrong. The last few big stimulus programs from the ECB, the Bank of Japan and the Swiss National Bank have been met with falls in currency and equity markets. Indeed, negative interest rates in Japan and... Read more
4 related stories
30d
Swissinfo
Still room to intervene: SNB presidentand tamp down the strength of the Swiss franc, the bank’s president said on Mon
Still room to intervene: SNB president
Swissinfo / Posted 30 days ago
and tamp down the strength of the Swiss franc, the bank’s president said on Monday. Thomas Jordan, the president of the Swiss National Bank (SNB), told a central bank conference in Bali, Indonesia, that the leeway to intervene exists despite the... Read more
2 related stories
30d
Swissinfo
Jordan Says SNB Has Room to Intervene as Franc Still Overvalued(Bloomberg) -- The Swiss National Bank has room to expand its balance sheet thr
Jordan Says SNB Has Room to Intervene as Franc Still Overvalued
Swissinfo / Posted 30 days ago
(Bloomberg) -- The Swiss National Bank has room to expand its balance sheet through currency-market interventions to rein in a franc that remains overvalued, President Thomas Jordan said. “The balance sheet is big but we still have room to... Read more
2 related stories
m
Swissinfo
Central bank posts strong net profitdata is prohibited.Reuse article swissinfo.ch and agencies Jul 29, 2016 - 09:1
Central bank posts strong net profit
Swissinfo / Posted 1 months ago
data is prohibited.Reuse article swissinfo.ch and agencies Jul 29, 2016 - 09:10 The Swiss National Bank reported on Friday a net profit of CHF21.3 billion ($21.76 billion) during the first six months of 2016,... Read more

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