The Swiss National Bank (SNB) lowered the benchmark Sight Deposit Rate by 25 basis points (bps) to 0.25% from 0.50%, following its monetary policy assessment for the March quarter on Thursday.

"The SNB emphasised that the current capital position of the UBS parent bank is stronger than that of Credit Suisse before the crisis," it said. "Nevertheless, weaknesses in the current capital ...

He also talks about the SNB's lack of intervention in foreign exchange markets in 2024, potential tariffs coming from Donald Trump's administration, and gold. Speaking to Bloomberg's Bastian ...

Since the beginning of the rate hike cycle in 2022, the Swiss National Bank (SNB) has frequently surprised the markets by setting its policy rate differently than expected by experts beforehand. Five ...

Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut ...

Saudi Exchange (Tadawul) approved SNB Capital’s request to initiate market-making for Nomu-listed Alwasail Industrial Co., ...

The SNB bought foreign currency worth 1.2 billion Swiss francs ($1.4 billion) in 2024, its annual report said, with its purchases slowing to a trickle in the fourth quarter. Sign up here.

Swiss National Bank (SNB) President Martin Schlegel rejects the idea that the central bank should hold part of its reserves in bitcoin, as proposed by a people's initiative. Cryptocurrencies ...

European markets are heading for a higher open, with investor focus on the German government as it votes on historic debt ...

Switzerland's central bank cut its key interest rate on Thursday, citing the "high uncertainty" in the global economy triggered by US President Donald Trump's tariff wars. The Swiss National Bank ...

SNB profit edges up 6% to SAR 21.19B in 2024; Q4 at SAR 5.56B 12 M 2024 SNB profit grows 4% to SAR 15.6B in 9M 2024; Q3 at SAR 5.3B 9 M 2024 SNB profit up 2.3% to SAR 10.27B in H1 2024; Q2 at SAR ...

"Integration costs and expected losses associated with the winding down of Credit Suisse's legacy positions are currently impairing UBS's loss-absorbing capacity," the SNB said in its annual 2024 ...