Search Results for: Swiss central bank
Swiss central bank ready to intervene: official
January 27th, 2015
The Swiss franc fell on Tuesday after a senior official at the Swiss National Bank was quoted as saying the central bank was still prepared to intervene to keep the currency relatively weak. The euro jumped to over 1.03 ...
Here’s What the Swiss Central Bank Just Did and Why It’s Such a Shocker
January 19th, 2015
Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s ...
Swiss National Bank President Thomas Jordan confirmed on Monday that the central bank intervened in markets overnight
June 29th, 2015
Swiss Step Into Currency Market as Greece Adds to SNB’s Woes Greece’s decision to effectively call a public vote on its euro-area membership is one more blow for Switzerland, the country where overwhelming demand for its currency is pushing ...
Bank rally leads European stocks higher
September 19th, 2019
A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. European banks rose 1.4%, the most ...
Swiss franc, gold advance as risk-off stance is back on
September 4th, 2017
Asian stocks fell as investors turned to haven assets after North Korea’s dictatorship tested a nuclear bomb on Sunday, sending the yen, gold and Treasury futures higher. The MSCI Asia Pacific Index was on track for the biggest drop ...
Swiss bank becomes first to offer bitcoin to its richest clients
July 14th, 2017
A Swiss bank is now offering to buy bitcoins for its clients. As of Wednesday, investors can ask their asset manager at Falcon Private Bank, a boutique investment firm headquartered in Zurich, to purchase and store bitcoin on their ...
Global Stock, Bond Rally Spurred by Central Banks: Markets Wrap
March 16th, 2017
Gold and oil advance while dollar maintains losses on Fed move Yen steady as BOJ stays the course; euro jumps on Dutch vote Central banks ruled over financial markets, as the Federal Reserve’s move to raise interest rates without ...
Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
Swiss rail ticket machines to sell bitcoins
November 1st, 2016
Bitcoin users will soon be able to buy the digital currency from Swiss rail ticket machines. The pilot project starts on November 11 and will initially last two years to see how much demand there is for the service. ...
UBS wins big bank backing for Utility Settlement Coin concept
August 24th, 2016
BNY Mellon, Deutsche Bank, Icap and Santander have joined with UBS and Clearmatics to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology. UBS and Clearmatics floated the model in September 2015 to ...
