Dollar and sterling happier, euro glum: SNB exchange rate data for 1 June
GenevaLunch News ZURICH, SWITZERLAND – The Swiss National Bank’s exchange rate tables for the past 16 months, updated 1 June, show the dollar bouncing back in May to the level it was at in December and...
View ArticleSwiss franc cap to remain, low interest rates to continue holding pattern...
GenevaLunch News Big bank shares fall on Jordan’s call for more capital ZURICH, SWITZERLAND – The Swiss franc cap of CHF1.20 to the euro will remain and the central bank will continue “to enforce it...
View ArticleCredit Suisse shares hit 52-month low
GenevaLunch News Company said Wednesday it is building capital in answer to central bank criticism ZURICH, SWITZERLAND – Credit Suisse shares hit a 52- month low Friday 20 July, at $16.94 a share,...
View ArticleExchange rates in August mostly steady, SNB figures show
GenevaLunch News ZURICH, SWITZERLAND – The Swiss franc held steady against the dollar, euro and pound sterling in August, compared to earlier summer exchange rates, figures published by the Swiss...
View ArticleSwiss central bank showing CHF16.9b profit to date
GenevaLunch News Currency positions, gold, capital markets helped build profits, but SNB cautions: strong fluctuations are part of markets ZURICH, SWITZERLAND – The SNB, Swiss National Bank, had a...
View ArticleSNB interest rate to remain at zero, unemployment could rise
GenevaLunch News ZURICH, SWITZERLAND – The Swiss National Bank said Thursday 13 December it will maintain its cap on the Swiss franc as well as its zero interest rate policy, for the foreseeable...
View ArticleSwiss central bank opens office in Singapore
GenevaLunch News ZURICH, SWITZERLAND – The Swiss National Bank will open an Asian office in Singapore in mid-2013, with a staff of seven, it said Tuesday 18 December. It is the central bank’s first...
View ArticleSwiss central bank ends 2012 with CHF6b profit
GenevaLunch News ZURICH, SWITZERLAND – A rise in the price of gold and its own foreign currency positions in 2012 will most likely result in a profit for the year of CHF6 billion, the Swiss National...
View ArticleSwiss central bank finishes 2012 with CHF6.9 billion profit
GenevaLunch News ZURICH, SWITZERLAND – Gold, UBS’s bailout fund paybacks, and foreign currency positions helped feed the CHF6.9 billion consolidated profit posted by the Swiss National Bank Thursday 7...
View ArticleSwiss National Bank will maintain franc against euro risks
GenevaLunch News GENEVA, SWITZERLAND – The Swiss National Bank vowed Thursday 15 March to maintain the franc’s exchange rate against the euro, saying that the appreciation of the national currency...
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