Swiss National Bank

The past week was a rollercoaster ride for the financial world. From Elon Musk‘s dire warnings about the U.S. debt to Jerome Powell‘s firm stance on interest rates, the week was filled with significant events that could shape the future of the global economy. Here’s a...

UK-related exchange-traded funds ticked up in Thursday’s early-morning trading as the Bank of England decided to keep rates steady, while the Swiss National Bank cut its key rate. iShares MSC United Kingdom ETF (NYSE:EWU) edged up 0.66% by mid-morning trading on Thursday, while Franklin FTSE...

Count former President Donald Trump among those concerned about Central Bank Digital Currencies (CBDCs) and the advancements in artificial intelligence (AI). What Happened: "Very dangerous. It's very dangerous. One day you don't have any money in your account. It can be a very...

Crypto custody company Fireblocks on Friday announced its acquisition of BlockFold, a smart contract development and consulting firm, in a deal valued at $10 million that seeks to amplify the former's' capabilities in the realm of tokenization. As the digital transformation of financial...

UBS Group AG (NYSE:UBS) CEO Ralph Hamers reportedly said on Monday the Swiss lender views its government-orchestrated takeover of Credit Suisse Group AG (NYSE:CS) as a growth opportunity. What Happened: “While we did not seek this transaction, we were prepared, and we see it as an opportunity...

Credit Suisse Group AG (NYSE:CS) said on Sunday 16 billion Swiss francs ($17.24 billion) of its additional tier 1 (AT1) debt, a type of bond, will be written down to zero on the orders of the Swiss regulator FINMA as part of its rescue merger with UBS Group AG (NYSE:UBS). AT1 is used to shore up a...

Credit Suisse Group AG (NYSE:CS) said it is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to $54 billion (50 billion Swiss Francs). The borrowing would be done under a covered loan facility as...

Swiss National Bank Chairman Thomas Jordan noted that Bitcoin (CRYPTO: BTC) does not currently meet the requirements of its currency reserves, but if the conditions are met, the institution could arrange for its acquisition quickly. What Happened: Jordan said when answering a...

Switzerland's central bank, the Swiss National Bank, has left the policy rates unchanged at minus 0.75%, maintaining the expansionary monetary policy in its interest rate decision Thursday. "The coronavirus pandemic continues to exert a strong influence on economic developments. The...

The central banks of Japan, Canada, and some of the European Union members are teaming up to study the prospects of launching centralized digital currencies in their respective countries. What Happened The Bank of Canada, the Bank of England, the Bank of Japan, Switzerland's Swiss National Bank...

A large number of diversified developed-markets exchange-traded funds have exposure to Swiss stocks, with Switzerland often being one of the largest country weights following the U.K. and Japan in those funds. So, it should be good news that Switzerland surprisingly avoided a recession in the...

With the European Central Bank set to meet on Thursday, most are expecting the bank to roll out a large scale quantitative easing program in an effort to boost the region’s failing economy. This week, French President Francois Hollande commented that he saw the bank announcing its plans...