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Showing 1 - 10 of 22 results for "SNB"

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
... at the time of writing. Felsman explained global markets did have a positive night following the Swiss National Bank's (SNB) announcement that it would throw a US$54 billion lifeline to Credit Suisse. "That helped ease fears of the global banking ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... 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 Suisse ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... as well as launching a US$700 billion quantitative easing program and asserting coordinated action with BOE, BOJ, ECB and SNB to boost liquidity via US dollar liquidity swap lines. Opening trade on March 16 saw the Reserve Bank of New Zealand deliver ...

Same old same old from the BOJ

BENJAMIN ONG  |  FRIDAY, 22 DEC 2017
While the Fed lifted interest rates at its final meet for 2017, the Bank of Japan (BOJ) followed the others - ECB, BOE, SNB - in keeping the status quo this side of the New Year. And like the rest of 'em, it's optimistic over the Japanese economy's ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... -- 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 to ...

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 ...

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 ...

Santa Mario brings cheers

BENJAMIN ONG  |  FRIDAY, 23 OCT 2015
... at 0.05%) to negative - he has the central banks of the two "S's" of Europe - Switzerland and Sweden - as precedents. The SNB and the Riksbank have their key policy rates currently sitting at minus 0.75% and minus 0.35%, respectively. c) increase the ...
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