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Showing 1 - 10 of 40 results for "Swiss National Bank"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from Swiss National Bank and the Swiss Financial Market Supervisory Authority (FINMA). FINMA approved the merger because Credit Suisse was experiencing ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
UBS has agreed to acquire the embattled Credit Suisse for $4.8 billion. As part of the deal, the Swiss National Bank (SNB) will provide an additional $160 billion (CHF 100 billion)) in liquidity assistance to support the merge. UBS plans to appoint ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
The ASX rebounded slightly this morning following the overnight bailouts of First Republic Bank and Credit Suisse, but has since remained unsteady. This mornings slight jump - 0.3% - was pretty modest, CommSec senior economist Ryan Felsman told Financial ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... and some of the larger commercial banks like Citi Group dropped by 5%," he said. In a joint statement, the Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) confirmed they could provide liquidity backstop to Credit ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... prices" -- to 1.5% in 2017, 1.4% in 2018 and 1.5% in 2019. All remain below the ECB's target. As expected, the Swiss National Bank (SNB) stayed steady. SNB expects the economy to grow by 2.0% in 2018 from 1.0% this year but only its inflation projections ...

Easier for as long as necessary?

BENJAMIN ONG  |  MONDAY, 21 MAR 2016
... expect the that "Bank Rate will need to increase over the forecast period," the rise would be gradual. The Swiss National Bank (SNB) also met and policy steady last week but stressed that it will "remain active in the foreign exchange market, in order ...

We've got the power and firepower (still)

BENJAMIN ONG  |  MONDAY, 14 MAR 2016
... currencies. There'll be more of 'em CBs meeting to deliberating on their monetary settings this week. The Swiss National Bank (SNB) and the Bank of England (BOE) are widely expected to keep their respective policies unchanged. Financial market focus ...

Who can dig a deeper hole?

BENJAMIN ONG  |  FRIDAY, 12 FEB 2016
... September 2014 to minus 0.50% by the end of January 2015 and to minus 0.75% a month later. We now know that the Swiss National Bank and the Riskbank quickly followed suit and the ECB has taken its deposit facility rate deeper into negative (minus 0.30%) ...

Swiss franc surprise

BENJAMIN ONG  |  MONDAY, 30 NOV 2015
... weakest since August 2010. The currency weakened 0.5 percent to 1.0919 per euro." Speculations are that the Swiss National Bank (SNB) could follow up its recent verbal interventions with actual ones ahead of the near certainty that the European Central ...

Gloom and doom news is good news

BENJAMIN ONG  |  MONDAY, 24 AUG 2015
... central banks - US Federal Reserve, European Central Bank, Bank of Japan, Bank of England, Bank of Canada, Swiss National Bank. The only problem I have is determining if markets have already bottomed or whether there's more in store before the central ...
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