Swiss National Bank

News

SWISS NATIONAL BANK NEWS

Indians' funds in Swiss banks down 11% to Rs 30k cr on dip in customer deposits

June 22, 2023 8:32 pm

In terms of assets, Indian clients accounted for CHF 3.99 billion at the end of 2022, marking a decline of nearly 15 per cent.

Swiss central bank raises rates again, signals may need to do more

June 22, 2023 3:19 pm

The increase, in line with forecasts in a Reuters poll, meant Swiss interest rates were now at their highest level since April 2002.

Swiss National Bank calls for new measures after Credit Suisse crash

June 22, 2023 11:30 am

Switzerland's largest bank recently grew even bigger, following its rescue of embattled Credit Suisse in a takeover engineered by Swiss authorities in March and formalised by UBS on June 12.

Swiss National Bank seeks banking regulation review after Credit Suisse crash

April 28, 2023 1:56 pm

The Swiss National Bank played a key role in the state-engineered rescue of Credit Suisse, making 250 billion francs of emergency liquidity available to prevent its collapse and ease its takeover by UBS.

Credit Suisse intends to borrow up to 50 bn Swiss francs from Swiss National Bank

March 16, 2023 8:43 am

Credit Suisse Group AG said it intended to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called "decisive action" to boost its liquidity.

Second year in a row, Indian funds in Swiss banks rise; at 14-yr high in 2021

June 17, 2022 5:45 am

India and Switzerland had, for automatic sharing of financial account information, signed a Joint Declaration on November 22, 2016 for activation of AEOI in tax matters between the two nations.