Swiss National Bank lowers lending rate
GenevaLunch News Zurich, Switzerland (GenevaLunch) – The Swiss National Bank Thursday early afternoon lowered its three-month Libor target range to 0.5-1.5%, effective immediately, to increase money...
View ArticleRecord gold prices boost Swiss central bank profit
GenevaLunch News Zurich, Switzerland (GenevaLunch) – The Swiss National Bank ended the first three months of the year with a consolidated profit of CHF1.5 billion, with gold pulling the balance sheet...
View ArticleSwiss National Bank losses less than estimated
GenevaLunch News UBS fund and higher gold prices help Swiss central bank Zurich, Switzerland (GenevaLunch.com) – The Swiss National Bank, SNB, losses reached CHF2.8 billion in the first half of 2010,...
View ArticleCantons may see less cash short term from central bank
GenevaLunch News ZURICH, SWITZERLAND – Swiss cantons and communes won’t be seeing their budgets boosted this year by additional monies from the Swiss central bank, and a new agreement between the...
View ArticleSwiss central bank supervisory body to check all board transactions since Jan...
GenevaLunch News Bank Council says “taking measures is in order”: tighter rules immediately for board members and greater future transparency ZURICH, SWITZERLAND – The supervisory body for the Swiss...
View ArticleKPMG clears SNB board over personal transactions
GenevaLunch News ZURICH, SWITZERLAND – Swiss National Bank Governing Board extended members did not break any rules or gain personally from financial transactions from 2009 to 2011, auditors at KPMG...
View ArticleSwiss central bank holds steady on franc, economy forecast down
GenevaLunch News ZURICH, SWITZERLAND – The Swiss National Bank (SNB) has lowered its forecast for economic growth from 1.5 percent in June to 1.0 percent, citing a number of factors. It also says it...
View ArticleSwiss currency reserves falling: what it means
GenevaLunch News ZURICH, SWITZERLAND – Swiss holdings of foreign currencies fell this week for the first time in months, slightly easing pressure on the Swiss central bank, which has added staff in...
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