Tag: SNB
Help for Credit Suisse – CS shares up pre-market – SNB supports with 50 billion – news
In order to strengthen its liquidity, Credit Suisse (CS) wants to borrow up to CHF 50 billion from the Swiss National Bank (SNB). This would make CS the first globally…
Historic price drop – SNB assures Credit Suisse of liquidity assistance if necessary – News
If necessary, the Swiss National Bank will make liquidity available to the ailing Credit Suisse. According to a joint letter from the SNB and Finma, there is no evidence of…
Central banks slip into the red: Swiss central bank reports huge loss
Central banks slip into the red Swiss central bank reports huge loss 01/09/2023, 5:55 p.m Only for the second time in its more than 100-year history has the Swiss National…
Swiss National Bank – SNB writes a loss of 132 billion in 2022 – News
“The National Bank’s record loss is not surprising,” said SRF business editor Jan Baumann. “It had long been apparent given the hefty price losses on the financial markets last year.…
Everything the SNB has to do to increase interest rates
Announcing a key interest rate is much easier than enforcing it. In order for interest rates to climb to the desired level, the Swiss National Bank has to take a…
Monetary policy – SNB increases key interest rate by 0.5 percentage points to 1 percent – News
The Swiss National Bank SNB continues to fight inflation and raises the key interest rate by 0.5 percentage points to 1 percent. It is the third adjustment of the SNB’s…
SNB increases key interest rate to 1.0 percent
The Swiss National Bank (SNB) expects persistent inflationary pressure and is therefore raising its key interest rate for the third time; this time by 50 basis points. For 2023, they…
Record loss of the SNB – cantons will probably have to make up the SNB surcharge – News
contents Many cantons are counting on a payout from the Swiss National Bank in their budgets. With today’s loss, however, the grant is likely to be canceled this year. Author:…
No SNB billions – bleak prospects for SNB distributions – News
contents For years, the SNB’s surpluses were a safe bet in the cantonal and federal budgets. With the high losses of this year, the balance sheet of the SNB is…
Swiss National Bank – SNB distributions to the cantons and the Confederation are threatened – News
Minus CHF 95 billion: In the first half of 2022, the Swiss National Bank SNB recorded a record loss. This was due to price losses on bonds and shares as…
Zurich Stock Exchange: SMI recovers after SNB and goes green
Zurich (awp) – After a sluggish start to the session, in the wake of Wall Street closing down sharply the day before, the Swiss stock market recovered on Thursday as…
The SNB has to double interest rates
Consumer prices in Switzerland continued to rise in August. In order to prevent inflation from becoming entrenched and spilling over into more and more goods, the SNB should raise the…