Zurich Insurance Group announced on Thursday its nomination of former Swiss National Bank Chairman Thomas Jordan for election to its board of directors.Jordan stepped down from the Swiss National Bank in September 2024 after serving as its chairman for twelve years.During his tenure, he...
The Swiss National Bank (SNB) said on Wednesday in its latest economic bulletin that the country saw "moderate" economic growth in the first quarter of 2024. Moving forward, the economic momentum in the country is expected to remain "moderate" as well.
"The SNB expects GDP growth of around...
The Swiss National Bank (SNB) said on Wednesday in its latest economic bulletin that while the country saw moderate economic growth in the final quarter of 2023, moving forward, the activity is "likely to be subdued."
"The weak demand from abroad and the appreciation of the Swiss franc in real...
The European Central Bank (ECB), the Bank of England, the Bank of Japan and the Swiss National Bank (SNB) said on Tuesday that they decided, in consultation with the United States Federal Reserve, to revert the frequency of their 7-day US dollar liquidity providing operations from daily to once a...
Chairman of the Governing Board of the Swiss National Bank (SNB), Thomas J. Jordan, assured on Thursday that the "liquidity measures" of the bank are "loans" that are funded by "collateral and subject to interest ... not gifts."
In remarks about monetary policy decisions and the most recent crisis...
The Swiss National Bank (SNB) on Sunday confirmed reports that it provided "substantial liquidity assistance" to support UBS Group AG's takeover of Credit Suisse. The proposed deal involves UBS agreeing to buy Credit Suisse for over $3 billion, with the Swiss government providing over $9 billion to...
The Swiss National Bank, the Banque de France, and the Bank for International Settlements (BIS) Innovation Hub announced on Thursday an experiment into using wholesale central bank digital currencies (CBDC) for cross-border settlement.
According to their joint statement, the test will...
Swiss National Bank Chairman Thomas J. Jordan spoke at the Lugano Banking Day on Monday, acknowledging the challenge that the negative interest rate poses to the financial sector. He stated that "the low interest rate environment is a global phenomenon with structural causes, that Switzerland...
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