Organisation: SNB

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

business

The currency markets are still volatile

The marked strengthening of the dollar, evident over the second half of 2014, continued in the early part of 2015. The US currency gained around 11% against the euro and 6% versus sterling in the opening three months of the year, writes Oliver Mangan.

business

Euro on the ropes and facing a major fight

Markets were caught completely off guard last week by the surprise decision of the Swiss Central Bank (SNB) to abandon its currency cap of CHF1.20 against the euro.

business

Swiss franc move sees closure of hedge fund

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money last week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

business

Swiss currency conundrum after scrapping cap on franc

business

EU firms feel impact of Russian crisis

business

Trader quizzed over €1.48bn deals

Police question man over UBS rogue trading

A 31-year-old man was arrested in London today in connection with allegations of €1.48bn of rogue trading at Swiss banking giant UBS.

Thu, 15 Sep, 2011

Swiss bank moves to weaken franc

The Swiss National Bank has intensified its measures against the strong franc by boosting the supply of the currency in the money markets.

Wed, 17 Aug, 2011

Swiss central bank increases money supply

The Swiss National Bank said it is pumping more Swiss francs into the market to combat the currency’s “massive overvaluation” against the US dollar and the euro.

Wed, 10 Aug, 2011

UBS agrees Swiss bail-out plan

Switzerland’s UBS today became the latest banking giant to agree a multi-billion government bail-out.

Thu, 16 Oct, 2008

Swiss Bank hikes interest rates

The Swiss National Bank (SNB) said it has hiked interest rates by 25 basis points, as expected by economists.

Fri, 17 Sep, 2004