Thu, Mar 21, 2024
The move caught economists by surprise, with a majority of analysts polled by Reuters expecting the SNB to keep rates on hold at 1.75%. It was also the first rate cut by the SNB in nine years.
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Tue, Mar 19, 2024
A second issue came about because Credit Suisse's Common Equity Tier 1 ratio capital was not of high enough quality. "
Sun, Oct 29, 2023
The Swiss franc hit its strongest level since 2015 against the euro last Friday, on the back of investor risk aversion due to the war in the Middle East, as well as broad weakness in the euro.
Mon, Mar 20, 2023
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion). Under the terms of the merger agreement all shareholders of Credit Suisse will receive 1 share in UBS for 22.48 shares in Credit Suisse. Six central banks have announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. The Dow slipped 385 points on Friday and the Russell 2000 fell 2.5%. All eyes on U.S. Fed's policy this week. Billionaire investor Warren Buffett has been having multiple talks with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.
Thu, Mar 16, 2023
European markets were up 2-2.5 per cent in the morning session after the Swiss National Bank accepted Credit Suisse's request for financial assistance up to 50 billion Swiss francs ($54 billion).
Credit Suisse will take a loan of $ 53.7 billion from Swiss central bank through short term liquidity. What move central bank will take? Know from Anil Singhvi what has happened so far in the Credit Suisse crisis.
Wed, Jun 29, 2022
The Swiss franc rose on Wednesday to its highest level against the euro in four months as rising recession fear in the euro zone led investors to seek safe haven assets like the Swiss currency.
Fri, Jun 29, 2018
The government today said all the deposits by Indians in Swiss bank accounts cannot be termed black money and action will be taken against persons parking illegal funds overseas after Switzerland starts sharing real-time account details from January onwards.
Mon, Feb 27, 2017
The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.
Sat, Jul 30, 2016
Government has taken various measures such as policy-level initiatives, more effective enforcement action on the ground; putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building, and integration of information and its mining through appropriate use of information technology.
Tue, Jul 19, 2016
The Income Tax (IT) Department conducted searches in 990 groups of assessees during last 2 years.
Sun, Jul 03, 2016
India has slipped to 75th place in terms of money held by its citizens with banks in Switzerland.
Thu, Jun 30, 2016
SNB's official figures also do not include the money that Indians or others might have in Swiss banks in the names of entities from different countries.
Mon, Jun 13, 2016
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.6%, its biggest daily fall since April 5.
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