Search Results for: Swiss National Bank
Credit Swiss is mired in an international tax evasion probe
April 3rd, 2017
Credit Swiss is mired in an international tax evasion probe into thousands of suspect bank accounts. A tip off to the Dutch police prompted raids in The Netherlands, Britain,Germany, France and Australia. The UK’s HM Revenue & Customs confirmed ...
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 ...
SIX Swiss Exchange annnounced two additional European markets
February 15th, 2017
The internationalization of the SIX Swiss Exchange Liquidnet Service (SLS) provides participants with yet more options for non-displayed trading. As of today, SLS supports trading in both Italian and Norwegian equities. This extension adds over 400 shares to the ...
FXCM to pay a new fine of $650,000 in relation to the Swiss Franc exchange rate
February 14th, 2017
FXCM Inc. (NASDAQ:FXCM) (“FXCM” or the “Company”), issued a statement on the settlement of the civil action filed by the Commodity Futures Trading Commission (“CFTC”) against its U.S. subsidiary, Forex Capital Markets LLC (“FXCM US”) in the Southern District ...
SIX Swiss Exchange has appointed a new Chairman
January 11th, 2017
The Board of Directors of SIX has appointed Romeo Lacher its new Chairman with immediate effect. Romeo Lacher has been chairing the Board of SIX on an interim basis since 1 October 2016. He has many years of management ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
Switzerland moves to end banking secrecy
December 5th, 2016
Today, the Federal Department of Finance (FDF) initiated the consultation on introducing the automatic exchange of information (AEOI) in tax matters with a series of other countries. The AEOI with these countries should enter into force on 1 January ...
UnionPay International and Bank of China jointly issued the first Travel Europe Themed UnionPay credit card
November 21st, 2016
On November 21, UnionPay International and Bank of China (BOC) jointly announced their joint issuance of the first Europe version of the Travel Mate. China UnionPay credit card. This is the first Travel Europe themed UnionPay credit card issued ...
Saxo Bank reports higher profits and client assets as diversification strategy yields results
September 30th, 2016
Saxo Bank Group (“The Group”) has reported a net profit of DKK 158 million for the first six months of 2016. During the same period, client collateral deposits continued to rise, increasing by DKK 6 billion, compared to H1 ...
