Search Results for: Swiss National Bank
Swiss Investigate Seven Banks Over Precious Metals Market Trading
September 28th, 2015
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line ...
Swiss issuers to weather forex storm
August 26th, 2015
The ‘Swiss Credit Handbook 2015’ published today by Credit Suisse contains the credit profiles of the most important Swiss issuers and participants in the Swiss franc capital market. Assessments of the creditworthiness of the different entities covered by Credit Suisse credit ...
Saxo Bank looks to the future with the strength of a comfortable capital buffer as collateral deposits reach new highs
August 24th, 2015
Saxo Bank Group, in line with its guidance following the unexpected surge in the value of the Swiss franc in January 2015, has reported a net loss of DKK 485 million for the first six months of 2015. During ...
SIX and Swisscom join forces to establish a mobile payment solution
August 5th, 2015
SIX and Swisscom join forces with Swiss banks to promote Paymit and create added value for customers and retail SIX and Swisscom are working towards a strategic partnership to establish a Switzerland-wide, universal mobile payment solution in collaboration with ...
8 Banking Giants Embracing Bitcoin and Blockchain Tech
July 28th, 2015
In its relative short history, bitcoin – and its underlying technology the blockchain – have captivated thinkers around the world, but not everyone was quick to see the potential. Due in part to its initial billing as a threat ...
Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
July 10th, 2015
Banque Pasche SA Will Pay $7.229 Million Penalty and ARVEST Privatbank AG Will Pay $1.044 Million Penalty; Both Continue to Cooperate With Department of Justice The Department of Justice announced today that two banks, Banque Pasche SA and ARVEST ...
Saxo Bank receives two reprimands by Finanstilsynet (the Danish FSA) in relation to its handling of the CHF incident on 15 January 2015
July 10th, 2015
The Danish FSA has reviewed Saxo Bank A/S handling of the CHF incident and finds no reason to criticise the Bank except for two specific issues. The Danish FSA concludes that the method applied by Saxo Bank contributes to ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
SNB says progress needed from biggest Swiss banks on capital
June 18th, 2015
The Swiss National Bank (SNB) on Thursday welcomed the improvement made by the country’s biggest banks, UBS and Credit Suisse, to their capital strength in the past year but said further progress was needed. “The SNB recommends that the ...
SIX Swiss Exchange and Shanghai Stock Exchange step up their collaboration
June 9th, 2015
SIX Swiss Exchange and Shanghai Stock Exchange have agreed in a memorandum of understanding to step up their collaboration. A delegation from China is visiting the Swiss stock exchange today, where the two parties will sign the document in ...
