Global Banking Monitor

Friday, May 10, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: swiss

Swiss National Bank Welcomes Two New Deputy Rate-Setters

Switzerland’s government has enlarged the number of deputies for the Swiss National Bank’s rate-setting board, appointing two new officials who step in if the...

Swiss Franc Hits Highest Level Against Dollar Since 2015

The Swiss franc jumped to its highest level against the dollar since 2015, when Switzerland’s central bank abandoned its policy to contain currency strength. The...

Credit Suisse Oversight: Swiss Authorities Face Criticism for Mishandling

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to...

Swiss National Bank Under Fire for $9 Billion Fracking Investment Portfolio

A coalition of environmental non-governmental organizations has taken aim at the Swiss National Bank (SNB) for its significant investments in fracking companies, which are...

Swiss National Bank Records $15 Billion Loss in Second Quarter

The Swiss National Bank (SNBN.S) said on Monday it lost 13.2 billion Swiss francs ($15.14 billion) in the second quarter, despite raking in interest...

Swiss National Bank Reports $15 Billion Loss in Second Quarter

The Swiss National Bank SNBN.S posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said on Monday, as interest rate...

Swiss Bank Julius Baer to Cease Operations with Russian Clients – Letter Confirms

Swiss private bank Julius Baer (BAER.S) will end all business with clients based in Russia, it told them in a letter seen by Reuters...

Swiss National Bank Chairman Suggests Rate Increases to Address Inflation

The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview published on...

Swiss Franc Poised to Shine Amidst Global Rate Cut Prospects in Slowdown Scenario

Switzerland’s currency is poised to attract a fresh set of buyers as major central banks elsewhere shift their focus toward stimulating growth and away...

Unveiling the Attraction: Wealthy Americans and Their Affinity for UBS, the Swiss Banking Powerhouse

With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster...

Swiss Regulator Warns of Full-Scale Bank Run if Credit Suisse Goes Bankrupt

Allowing the bankruptcy of troubled lender Credit Suissewould have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at other banks,...

Swiss finance minister reveals Credit Suisse accessed billions in liquidity last weekend

Credit Suisse (CSGN.S) tapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin...

Credit Suisse Bailout Means Swiss Citizens Face $13,500 Liability Each

Switzerland’s tab for shoring up its reputation as a financial center could run to 12,500 Swiss francs ($13,500) for every man, woman and child...

You Can Now Live In This Swiss City Solely On Bitcoin

Lugano, Switzerland makes living on a Bitcoin standard possible with hundreds of merchants that accept BTC. If you’ve ever sought to live entirely on bitcoin,...

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