Swiss National Bank

Latest stories

11h
TheBull
Negative interest rates have become entrenchedDenmark’s Nationalbank (a deposit rate of minus 0.65%), the European Central Ba
Negative interest rates have become entrenched
TheBull / Posted 11 hours ago
Denmark’s Nationalbank (a deposit rate of minus 0.65%), the European Central Bank (a deposit rate at minus 0.3%) and the Swiss National Bank (a deposit rate of minus 0.75% and a target for three-month LIBOR of between minus 1.25% and minus... Read more
18h
Zero Hedge
Three Weird Consequences Of NIRPbanks, a symptom of the deflation that is slowing spreading worldwide. The Bank
Three Weird Consequences Of NIRP
Zero Hedge / Posted 18 hours ago
banks, a symptom of the deflation that is slowing spreading worldwide. The Bank of Japan, European Central Bank, and Swiss National Bank already peg rates below zero. Even if the Federal Reserve doesn't formally join them, US rates are... Read more
2d
Swissinfo
Why Switzerland should welcome Airbnbdrop has reignited calls for something to be done to make Switzerland more affo
Why Switzerland should welcome Airbnb
Swissinfo / Posted 2 days ago
drop has reignited calls for something to be done to make Switzerland more affordable. Ever since January 2015, when the Swiss National Bank ended its long-standing cap that kept in check franc-strength versus the euro, Europeans have lost... Read more
5d
Swissinfo
Swiss Don’t See Big Banknotes Constituting Greater Crime Risktherefore be scrapped. While officials in the euro area have announced plans to
Swiss Don’t See Big Banknotes Constituting Greater Crime Risk
Swissinfo / Posted 5 days ago
therefore be scrapped. While officials in the euro area have announced plans to phase out their most valuable note, the Swiss National Bank has pledged to retain its 1,000-franc ($1,011) bill. In the statement, the government also highlighted... Read more
5d
Swissinfo
World Should Demand Swiss End 1,000-Franc Note, Summers Writes(Bloomberg) -- The Swiss National Bank should stop issuing its most valuable 1,
World Should Demand Swiss End 1,000-Franc Note, Summers Writes
Swissinfo / Posted 5 days ago
(Bloomberg) -- The Swiss National Bank should stop issuing its most valuable 1,000-franc ($1,032) bills to hamper criminal activity, former U.S. Treasury Secretary Lawrence Summers said. With euro-area officials having just last week announced plans... Read more
6d
Stamford Advocate
June is on the table (TLT, TLO, USD)swap arrangements with the Bank of Canada, the Bank of England, the Bank of Jap
June is on the table (TLT, TLO, USD)
Stamford Advocate / Posted 6 days ago
swap arrangements with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. The votes to renew the Federal Reserve's participation in these standing arrangements are taken annually... Read more
98 related stories
6d
Connecticut Post
June is on the table (TLT, TLO, USD)swap arrangements with the Bank of Canada, the Bank of England, the Bank of Jap
June is on the table (TLT, TLO, USD)
Connecticut Post / Posted 6 days ago
swap arrangements with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. The votes to renew the Federal Reserve's participation in these standing arrangements are taken annually... Read more
98 related stories
6d
San Francisco Chronicle
June is on the table (TLT, TLO, USD)swap arrangements with the Bank of Canada, the Bank of England, the Bank of Jap
June is on the table (TLT, TLO, USD)
San Francisco Chronicle / Posted 6 days ago
swap arrangements with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. The votes to renew the Federal Reserve's participation in these standing arrangements are taken annually... Read more
98 related stories
6d
Business Insider
June is on the tableswap arrangements with the Bank of Canada, the Bank of England, the Bank of Jap
June is on the table
Business Insider / Posted 6 days ago
swap arrangements with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. The votes to renew the Federal Reserve's participation in these standing arrangements are taken annually... Read more
7d
Swissinfo
SNB Has Firepower to Fight Any Brexit Fallout, Economists Say(Bloomberg) -- The Swiss National Bank is ready for Brexit, or whatever shocks
SNB Has Firepower to Fight Any Brexit Fallout, Economists Say
Swissinfo / Posted 7 days ago
(Bloomberg) -- The Swiss National Bank is ready for Brexit, or whatever shocks the world throws at it. While Thomas Jordan and his colleagues have kept policy unchanged since January 2015 -- relying on pledges of intervention and possible further... Read more
8d
Swissinfo
Poland's Financial Nationalism May Be Viable: Leonid BershidskyThe Hungarian prime minister forced banks to convert them into forints at the N
Poland's Financial Nationalism May Be Viable: Leonid Bershidsky
Swissinfo / Posted 8 days ago
The Hungarian prime minister forced banks to convert them into forints at the November 2014 market rate -- just before the Swiss National Bank discarded its euro peg in January 2015, and the franc shot up against all other currencies. Orban was... Read more
9d
Zero Hedge
Apple Jumps After Berkshire Reveals 9.8 Million Share Stakehis two lieutenants. The 9.8 million share position makes Buffett the 56th lar
Apple Jumps After Berkshire Reveals 9.8 Million Share Stake
Zero Hedge / Posted 9 days ago
his two lieutenants. The 9.8 million share position makes Buffett the 56th largest holder of AAPL, still well behind the Swiss National Bank, which as we reported last week was aggressively buying AAPL stock in Q1, adding some 4.1 million shares... Read more
11d
Zero Hedge
As Carl Icahn Was Selling Apple, This Central Bank Was Furiously BuyingAnd why not? Even Carl Icahn cannot create an infinite supply of money out of t
As Carl Icahn Was Selling Apple, This Central Bank Was Furiously Buying
Zero Hedge / Posted 11 days ago
And why not? Even Carl Icahn cannot create an infinite supply of money out of thin air ... but the Swiss National Bank can. can't wait to see appl at $70s and these scams taking huge losses. They hold gold, I see. Well, this can't be... Read more
14d
Swissinfo
UBS May Pass on Negative Rates to Very Wealthy Clients, CEO Sayspercent, partly hurt by the “lowest transaction volumes” ever recorded in that
UBS May Pass on Negative Rates to Very Wealthy Clients, CEO Says
Swissinfo / Posted 14 days ago
percent, partly hurt by the “lowest transaction volumes” ever recorded in that period at the wealth management unit. The Swiss National Bank has held its deposit rate at minus 0.75 percent for more than year to help weaken the Swiss franc. While... Read more
15d
Market Watch
Fed’s Dudley: More reserve currencies would mean a stronger financial systemis likely to be,” he said in remarks for the conference, which is co-sponsored
Fed’s Dudley: More reserve currencies would mean a stronger financial system
Market Watch / Posted 15 days ago
is likely to be,” he said in remarks for the conference, which is co-sponsored by the International Monetary Fund and the Swiss National Bank. Dudley’s remarks come less than six months after China won inclusion in the elite basket of currencies... Read more
15d
The Economic Times
US need not fear challengers to dollar: Fed official William Dudleythe most important goal must be to keep our own house in order," Dudley said at
US need not fear challengers to dollar: Fed official William Dudley
The Economic Times / Posted 15 days ago
the most important goal must be to keep our own house in order," Dudley said at the conference hosted by the IMF and the Swiss National Bank. "If we do this, then I expect that the US dollar will earn the right to remain the most important... Read more
4 related stories
15d
Channel NewsAsia
US need not fear challengers to dollar, Fed official saysthe most important goal must be to keep our own house in order," Dudley said at
US need not fear challengers to dollar, Fed official says
Channel NewsAsia / Posted 15 days ago
the most important goal must be to keep our own house in order," Dudley said at the conference hosted by the IMF and the Swiss National Bank. "If we do this, then I expect that the U.S. dollar will earn the right to remain the most important... Read more
4 related stories
15d
Reuters
U.S. need not fear challengers to dollar, Fed official saysthe most important goal must be to keep our own house in order," Dudley said at
U.S. need not fear challengers to dollar, Fed official says
Reuters / Posted 15 days ago
the most important goal must be to keep our own house in order," Dudley said at the conference hosted by the IMF and the Swiss National Bank. "If we do this, then I expect that the U.S. dollar will earn the right to remain the most important... Read more
4 related stories
15d
The Economic Times
ET in the classroom: Reading into negative rate trendof adverse impact of such a policy? There could be offsetting adjustment in len
ET in the classroom: Reading into negative rate trend
The Economic Times / Posted 15 days ago
of adverse impact of such a policy? There could be offsetting adjustment in lending rates among sectors, according to RBI. It cites the example of Swiss National Bank, where negative rates have led to a rise in mortgage rates to protect... Read more
15d
Zero Hedge
St. Louis Fed Slams Draghi, Kuroda - "Negative Rates Are Taxes In Sheep's Clothing"us to negative interest rates. Many foreign central banks—such as the European
St. Louis Fed Slams Draghi, Kuroda - "Negative Rates Are Taxes In Sheep's Clothing"
Zero Hedge / Posted 15 days ago
us to negative interest rates. Many foreign central banks—such as the European Central Bank, the Bank of Japan and the Swiss National Bank—have implemented negative interest rates on bank reserves as a policy tool to stimulate demand for goods... Read more
19d
Market Watch
Rise in Swiss FX reserves suggests interventionZURICH--Foreign currency reserves held at the Swiss National Bank increased las
Rise in Swiss FX reserves suggests intervention
Market Watch / Posted 19 days ago
ZURICH--Foreign currency reserves held at the Swiss National Bank increased last month, suggesting the central bank may have intervened in markets to weaken the franc by purchasing assets denominated in other currencies. Foreign reserves totaled... Read more
20d
Quartz
Sorry, drug dealers: The €500 banknote is deadto jump onto another high-currency note, such as the 1,000 Swiss-franc bill—the
Sorry, drug dealers: The €500 banknote is dead
Quartz / Posted 20 days ago
to jump onto another high-currency note, such as the 1,000 Swiss-franc bill—the most valuable banknote in Europe. The Swiss National Bank rejected calls to phase out the 1,000-franc bill, arguing the high-currency bank note had little impact... Read more
21d
Swissinfo
Matt Levine's Money Stuff: Hedge-Fund Blues and Digital Dollarsdollars, but it's not like no one thought of making dollars electronic before.
Matt Levine's Money Stuff: Hedge-Fund Blues and Digital Dollars
Swissinfo / Posted 21 days ago
dollars, but it's not like no one thought of making dollars electronic before. Elsewhere in electronic money: "The Swiss National Bank might seek authority to stop commercial banks converting reserves into cash if its current policy arsenal... Read more
22d
Reuters
UBS to cut jobs as client caution sinks profitquarterly profit in nearly five years in first-quarter 2015 in part thanks to a
UBS to cut jobs as client caution sinks profit
Reuters / Posted 22 days ago
quarterly profit in nearly five years in first-quarter 2015 in part thanks to a surge in foreign exchange dealing after the Swiss National Bank axed its currency cap. UBS's common equity tier 1 capital ratio, which UBS has set as a benchmark for... Read more
11 related stories
22d
Business Insider
The St. Louis Fed has the best explanation so far of why negative interest rates won't worka tax on business and individuals. That, he says, can hardly be viewed as stimu
The St. Louis Fed has the best explanation so far of why negative interest rates won't work
Business Insider / Posted 22 days ago
a tax on business and individuals. That, he says, can hardly be viewed as stimulatory policy. The ECB, Bank of Japan, Swiss National Bank, and others have all “implemented negative interest rates on bank reserves as a policy tool to stimulate... Read more
23d
Reuters
SNB could seek to prevent banks hoarding cash if franc soars: Roubini groupThe logo of Swiss National Bank SNB is seen outside their branch in Bern, Switz
SNB could seek to prevent banks hoarding cash if franc soars: Roubini group
Reuters / Posted 23 days ago
The logo of Swiss National Bank SNB is seen outside their branch in Bern, Switzerland April 20, 2016. ZURICH The Swiss National Bank might seek authority to stop commercial banks converting reserves into cash if its current policy arsenal failed to... Read more
23d
Brisbane Times
Flat start to busy weekMarch Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco pr
Flat start to busy week
Brisbane Times / Posted 23 days ago
March Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco president John Williams in Los Angeles, Swiss National Bank chief Thomas Jordan in Luzern. Earnings: Sysco, General Growth Properties, Anadarko Petroleum, AIG,... Read more
250 related stories
23d
WA Today
Flat start to busy weekMarch Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco pr
Flat start to busy week
WA Today / Posted 23 days ago
March Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco president John Williams in Los Angeles, Swiss National Bank chief Thomas Jordan in Luzern. Earnings: Sysco, General Growth Properties, Anadarko Petroleum, AIG,... Read more
250 related stories
23d
The Age
Flat start to busy weekMarch Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco pr
Flat start to busy week
The Age / Posted 23 days ago
March Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco president John Williams in Los Angeles, Swiss National Bank chief Thomas Jordan in Luzern. Earnings: Sysco, General Growth Properties, Anadarko Petroleum, AIG,... Read more
250 related stories
23d
Sydney Morning Herald
Flat start to busy weekMarch Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco pr
Flat start to busy week
Sydney Morning Herald / Posted 23 days ago
March Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco president John Williams in Los Angeles, Swiss National Bank chief Thomas Jordan in Luzern. Earnings: Sysco, General Growth Properties, Anadarko Petroleum, AIG,... Read more
250 related stories
23d
Canberra Times
Flat start to busy weekMarch Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco pr
Flat start to busy week
Canberra Times / Posted 23 days ago
March Central bank watch: ECB boss Mario Draghi in Frankfurt, San Francisco president John Williams in Los Angeles, Swiss National Bank chief Thomas Jordan in Luzern. Earnings: Sysco, General Growth Properties, Anadarko Petroleum, AIG,... Read more
250 related stories
26d
Swissinfo
SNB's Jordan Still Sees Room for Maneuver on ‘Overvalued’ Franc(Bloomberg) -- The Swiss National Bank hasn’t yet exhausted its policy options
SNB's Jordan Still Sees Room for Maneuver on ‘Overvalued’ Franc
Swissinfo / Posted 26 days ago
(Bloomberg) -- The Swiss National Bank hasn’t yet exhausted its policy options and won’t hesitate to take unconventional steps in the face of a a franc that remains “significantly overvalued,” President Thomas Jordan said. The central bank is... Read more
26d
Swissinfo
SNB dismisses ‘politically motivated’ reformsuse of these data is prohibited. Matthew Allen Apr 29, 2016 - 12:04 The Swiss
SNB dismisses ‘politically motivated’ reforms
Swissinfo / Posted 26 days ago
use of these data is prohibited. Matthew Allen Apr 29, 2016 - 12:04 The Swiss National Bank (SNB) has rejected two proposals, calling for the establishment of a sovereign wealth fund and for a... Read more
26d
Market Watch
SNB chairman: Franc 'significantly overvalued'ZURICH--Swiss National Bank Chairman Thomas Jordan said Friday that the central
SNB chairman: Franc 'significantly overvalued'
Market Watch / Posted 26 days ago
ZURICH--Swiss National Bank Chairman Thomas Jordan said Friday that the central bank is open to additional stimulus measures if needed to fight a "significantly overvalued" Swiss franc. "Even though we have already gone a long way with negative... Read more
26d
Canberra Times
Miners jump, Wall Street dipsMilwaukee manufacturing (April), US Chicago purchasing managers (April), US Mic
Miners jump, Wall Street dips
Canberra Times / Posted 26 days ago
Milwaukee manufacturing (April), US Chicago purchasing managers (April), US Michigan consumer sentiment (April final). The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan. Fed speaker: Dallas... Read more
250 related stories
26d
Brisbane Times
Miners jump, Wall Street dipsMilwaukee manufacturing (April), US Chicago purchasing managers (April), US Mic
Miners jump, Wall Street dips
Brisbane Times / Posted 26 days ago
Milwaukee manufacturing (April), US Chicago purchasing managers (April), US Michigan consumer sentiment (April final). The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan. Fed speaker: Dallas... Read more
250 related stories
26d
The Age
Miners jump, Wall Street dipsMilwaukee manufacturing (April), US Chicago purchasing managers (April), US Mic
Miners jump, Wall Street dips
The Age / Posted 26 days ago
Milwaukee manufacturing (April), US Chicago purchasing managers (April), US Michigan consumer sentiment (April final). The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan. Fed speaker: Dallas... Read more
250 related stories
26d
Sydney Morning Herald
Miners jump, Wall Street dipsMilwaukee manufacturing (April), US Chicago purchasing managers (April), US Mic
Miners jump, Wall Street dips
Sydney Morning Herald / Posted 26 days ago
Milwaukee manufacturing (April), US Chicago purchasing managers (April), US Michigan consumer sentiment (April final). The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan. Fed speaker: Dallas... Read more
250 related stories
26d
WA Today
Miners jump, Wall Street dipsMilwaukee manufacturing (April), US Chicago purchasing managers (April), US Mic
Miners jump, Wall Street dips
WA Today / Posted 26 days ago
Milwaukee manufacturing (April), US Chicago purchasing managers (April), US Michigan consumer sentiment (April final). The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan. Fed speaker: Dallas... Read more
250 related stories
27d
Swissinfo
Strong Franc Hits Swiss Toilets as Geberit's Hotel Market Slowsto a revenue slowdown caused as the strong franc puts off tourists. Switzerlan
Strong Franc Hits Swiss Toilets as Geberit's Hotel Market Slows
Swissinfo / Posted 27 days ago
to a revenue slowdown caused as the strong franc puts off tourists. Switzerland’s tourism industry is suffering after the Swiss National Bank in January 2015 removed its cap on the currency of 1.20 per euro. Last year, demand from European guests... Read more
27d
Swissinfo
SNB's Mr Seven-Percent Stays Shy as Shareholders Meet in Bern(Bloomberg) -- When Swiss National Bank shareholders gather in Bern on Friday t
SNB's Mr Seven-Percent Stays Shy as Shareholders Meet in Bern
Swissinfo / Posted 27 days ago
(Bloomberg) -- When Swiss National Bank shareholders gather in Bern on Friday to hear from President Thomas Jordan and savor complimentary ice cream, there may be a heavyweight absentee: the central bank’s biggest private investor. Media-shy German... Read more
28d
Zero Hedge
With Tech Tanking, Can Anything Save The System?200 as recently as a year ago. Tears won’t be confined to Wall Street however:
With Tech Tanking, Can Anything Save The System?
Zero Hedge / Posted 28 days ago
200 as recently as a year ago. Tears won’t be confined to Wall Street however: let’s not forget that none other than the Swiss National Bank is also long some 10.4 million shares of AAPL. It also won’t be a surprise to find out that the Japanese... Read more
298 related stories
28d
Market Watch
This central bank is about to lose $80 million thanks to Apple’s big missto get bruises. The pain from Tuesday’s disappointing earnings looks set to spr
This central bank is about to lose $80 million thanks to Apple’s big miss
Market Watch / Posted 28 days ago
to get bruises. The pain from Tuesday’s disappointing earnings looks set to spread world-wide — and in particular to the Swiss National Bank, one of the company’s largest shareholders. It jumped in so deep, in fact, that last year it doubled its... Read more
28d
Zero Hedge
Wall Street In Pain: 163 Hedge Funds Are Long AAPL Stockcap in the after hours. The good news: it used to be over 200 as recently as a
Wall Street In Pain: 163 Hedge Funds Are Long AAPL Stock
Zero Hedge / Posted 28 days ago
cap in the after hours. The good news: it used to be over 200 as recently as a year ago. Tears won't be confined to Wall Street however: let's not forget that none other than the Swiss National Bank is also long some 10.4 million shares... Read more
1m
Swissinfo
Voting for foreigners, nuclear cloud scare and political adsto new CEO Tidjane Thiam to compensate for loss of bonuses he would have receiv
Voting for foreigners, nuclear cloud scare and political ads
Swissinfo / Posted a month ago
to new CEO Tidjane Thiam to compensate for loss of bonuses he would have received from his old company Prudential. The Swiss National Bank will also answer to shareholders a day after producing interim first quarter results. Shareholders have... Read more
m
Swissinfo
J.M.W. Turner Chosen by Bank of England for Next 20-Pound Notethe front of the $20 bill, becoming the first woman and first minority featured
J.M.W. Turner Chosen by Bank of England for Next 20-Pound Note
Swissinfo / Posted 1 months ago
the front of the $20 bill, becoming the first woman and first minority featured on U.S. paper currency in modern times. The Swiss National Bank this month unveiled its new 50-franc ($51) note, the first in a series that features nature rather than... Read more
44 related stories
m
Swissinfo
Brexit poses ‘biggest risk’ to Swiss exportersmargins eaten away by the strengthening franc. Swiss goods have become 10% more
Brexit poses ‘biggest risk’ to Swiss exporters
Swissinfo / Posted 1 months ago
margins eaten away by the strengthening franc. Swiss goods have become 10% more expensive for eurozone customers since the Swiss National Bank (SNB) gave up defending the euro-franc exchange rate in January 2015. Given the continued fragile state... Read more

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