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Economy

SNB posts record quarterly profit of $64bn in Q1

Switzerland's central bank posted a record quarterly profit of 58.8 billion Swiss Francs ($64.34 billion) on Thursday in Q1, fuelled by the weakening Franc and strong equity markets.

posted on 25.04.2024

Economy

SNB hikes minimum reserve requirement for domestic banks

Switzerland's central bank announced on Monday that it is set to increase the minimum reserve requirement for domestic banks and, as such, will amend the National Bank Ordinance as of 1st July.

posted on 22.04.2024

Economy

UBS may need up to $15bn in excess capital to meet new rules

Swiss Bank UBS could need to hold between $10-15 billion in excess capital following Switzerland's government's announcement of stricter capital requirements, according to an Autonomous Research forecast.

posted on 12.04.2024

Economy

SNB posts record quarterly profit of $64bn in Q1

Switzerland's central bank posted a record quarterly profit of 58.8 billion Swiss Francs ($64.34 billion) on Thursday in Q1, fuelled by the weakening Franc and strong equity markets.

posted on 25.04.2024

Economy

SNB hikes minimum reserve requirement for domestic banks

Switzerland's central bank announced on Monday that it is set to increase the minimum reserve requirement for domestic banks and, as such, will amend the National Bank Ordinance as of 1st July.

posted on 22.04.2024

Economy

UBS may need up to $15bn in excess capital to meet new rules

Swiss Bank UBS could need to hold between $10-15 billion in excess capital following Switzerland's government's announcement of stricter capital requirements, according to an Autonomous Research forecast.

posted on 12.04.2024

Economy

Swiss inflation down to two and a half-year low

Inflation in Switzerland fell to a two-and-a-half-year low in March, aligning with the Swiss National Bank's (SNB) decision to cut rates last month for the first time since 2015,

posted on 04.04.2024

Economy

IMF says Switzerland needs "strong financial sector reforms"

Switzerland is in need of "strong financial sector reforms" following on from the state-driven rescue takeover of Credit Suisse by UBS, according to the International Monetary Fund.

posted on 02.04.2024

Markets

SNB sells nearly $150bn of forex in 2023

Switzerland's central bank sold foreign currency worth 132.9 billion Swiss Francs last year ($149.51 billion), reflecting a heightened focus on bolstering the Swiss Franc as a defence against imported inflation.

posted on 19.03.2024

Politics

EFTA signs free trade agreement with India

The European Free Trade Association (EFTA), which includes Switzerland as a member, has penned a free trade agreement with India, which is set to be approved in 2025.

posted on 11.03.2024

Economy

SNB reports annual loss of $3.6bn in 2023

On Monday, the Swiss National Bank (SNB) reported an annual loss of 3.2 billion Swiss Francs ($3.62 billion) for last year as the move to positive interest rates

posted on 04.03.2024

Business

Payment apps’ popularity increases in Switzerland

The popularity of payment apps is rising in Switzerland, according to the findings from a new survey carried out by the country’s central bank.

posted on 26.02.2024

Business

Stronger Swiss Franc “hurts” companies, says SNB president

Although a stronger Swiss Franc has helped to curb inflation in Switzerland, it has impacted domestic businesses.

posted on 13.02.2024

Economy

Swiss banks predict record results for 2023 financial year

Banks in Switzerland forecast record results for the 2023 financial year, with the majority also optimistic about future years.

posted on 12.01.2024

SNB posts record quarterly profit of $64bn in Q1

Switzerland's central bank posted a record quarterly profit of 58.8 billion Swiss Francs ($64.34 billion) on Thursday in Q1, fuelled by the weakening Franc and strong equity markets.

posted on 25.04.2024

SNB hikes minimum reserve requirement for domestic banks

Switzerland's central bank announced on Monday that it is set to increase the minimum reserve requirement for domestic banks and, as such, will amend the National Bank Ordinance as of 1st July.

posted on 22.04.2024

UBS may need up to $15bn in excess capital to meet new rules

Swiss Bank UBS could need to hold between $10-15 billion in excess capital following Switzerland's government's announcement of stricter capital requirements, according to an Autonomous Research forecast.

posted on 12.04.2024

Swiss inflation down to two and a half-year low

Inflation in Switzerland fell to a two-and-a-half-year low in March, aligning with the Swiss National Bank's (SNB) decision to cut rates last month for the first time since 2015,

posted on 04.04.2024

IMF says Switzerland needs "strong financial sector reforms"

Switzerland is in need of "strong financial sector reforms" following on from the state-driven rescue takeover of Credit Suisse by UBS, according to the International Monetary Fund.

posted on 02.04.2024

Category

SNB posts record quarterly profit of $64bn in Q1

SNB hikes minimum reserve requirement for domestic banks

UBS may need up to $15bn in excess capital to meet new rules

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