Category Archive: 1) SNB and CHF

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“Die Nationalbank ist an vielen Fronten gefordert (Challenges for the Swiss National Bank),” NZZ, 2021

2021-08-10

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2021-08-10

Should the SNB follow the Fed and the ECB and rework its strategy? There is a case for rethinking the broad inflation target, the monetary policy concept, and the communication strategy. Equally important is a strategy review outside of the SNB: The SNB cannot and must not decide about the framework within which it operates.

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Devisen: Eurokurs etwas gefallen – Dollar zieht auch zum Franken an

2021-08-05

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2021-08-05

Auch zum der Franken kann sich der Dollar erholen und wird aktuell zu 0,9066 Franken gehandelt, nachdem er im frühen Geschäft bis 0,9036 gesunken war. Entsprechend ist der Euro zum Franken nicht weiter gefallen und kostet kaum verändert 1,0737 Franken.

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SNB-Gewinn von 5 Mrd. Franken im zweiten Quartal erwartet

2021-07-21

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2021-07-21

Die starke Performance des SNB-Portfolios während der Krise helfe Bund und Kantonen, die zusätzlichen Ausgaben teilweise zu decken. (Bild: ZVG)Am 30. Juli publiziert die Schweizerische Nationalbank (SNB) ihr provisorisches Finanzergebnis für das zweite Quartal 2021.

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Immoblien – Wie Hypotharzinsen entstehen – und wie man mit diesem Wissen Geld spart

2021-07-19

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2021-07-19

Zinsen für fünfjährige Festhypotheken seit 2013
Wenn die Federal Reserve, das amerikanische Pendant zur Schweizerischen Nationalbank (SNB), die Zinsen erhöht, dann kann dies Menschen in der Schweiz mit eigenem Haus oder eigener Wohnung direkt Geld kosten. Aber warum eigentlich? Die Fed ist weit weg und die Schweiz hat ja ihre eigenen Zinsen. Ganz so einfach ist es nicht. Die in der Regel monatlich fälligen Zinsen für den Kauf eines eigenen Hauses oder einer Eigentumswohnung sind von mehreren...

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SNB und SIX schützen Datenkommunikation vor Cyberrisiken

2021-07-16

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2021-07-16

Das neue Kommunikationsnetzwerk soll den zugelassenen Teilnehmern des Finanzplatzes Schweiz ermöglichen, untereinander und mit den Finanzmarktinfrastrukturen sicher zu kommunizieren. (Bild: Shutterstock.com/Deepadesigns)

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Pandemie beschleunigt bargeldloses Bezahlen

2021-06-24

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2021-06-24

Ein Drittel der Befragten gibt an, aufgrund der Pandemie das Zahlungsverhalten nachhaltig angepasst zu haben. (Bild: Shutterstock.com/Viktoriia Hnatiuk)Im Herbst 2020 hat die Schweizerische Nationalbank (SNB) nach 2017 ihre zweite repräsentative Zahlungsmittelumfrage durchgeführt.

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Swiss Banks Boost Capital Bases Despite Coronavirus Crisis 

2021-06-18

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2021-06-18

Swiss banks have been able to strengthen their capital bases despite deteriorating economic conditions during the coronavirus pandemic, according to the Swiss National Bank (SNB). This applies to the two big banks, UBS and Credit Suisse, and also domestic banks.

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SNB Monetary Policy Assessment June 2021

2021-06-17

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2021-06-17

SNB Switzerland Conditional Inflation Forecast, June 2021
The SNB is maintaining its expansionary monetary policy with a view to ensuring price stability and providing ongoing support to the Swiss economy in its recovery from the impact of the coronavirus pandemic. It is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%, and remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

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Aktualisierte Sanktionsmeldung

2021-06-11

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2021-06-11

Am 10. Juni 2021 hat das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF die Liste der in diesem Kontext sanktionierten Personen, Unternehmen und Organisationen geändert. Die Änderung ist in der Schweiz direkt anwendbar. Das WBF hat daher die für die Schweiz massgebliche Sanktionsdatenbank SESAM (SECO Sanctions Management) angepasst und die Anpassung auf seiner Internetseite publiziert.

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West Virginia Gov. Personally On The Hook For $700MM In Greensill Collapse

2021-06-01

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2021-06-01

The collapse of Greensill Capital has been the biggest financial scandal of the year so far, having set off a massive public corruption scandal in the UK that has deeply embarrassed the ruling Conservative Party due to the close involvement of former PM David Cameron, who was on the Greensill.

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Swiss central banker wary of excessive inflation

2021-05-26

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2021-05-26

The Swiss National Bank (SNB) can expand its balance sheet further if needed, says chairman of the board Thomas Jordan.

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“Everything Is On Fire”

2021-05-20

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2021-05-20

Authored by Egon von Greyerz via GoldSwitzerland.com,“Everything is on fire” – Heraclitus (535-475 BC)What Heraclitus meant was that the world is in a constant state of flux.But the big problem in the next few years is that the world will experience a fire of a magnitude never seen before in history.I have in many articles and interviews pointed out how predictable events are (and people).

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UBS Reportedly Re-Starts Layoffs After “Doubling” One Time Bonuses To Some Associates

2021-05-12

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2021-05-12

On one hand, UBS seems hell bent on keep its new Gen Z employees who have recently been promoted to associate positions. After all, it was just hours ago that we wrote about how the bank was showering some newly promoted employees with one-time $40,000 bonuses.

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UBS, Desperate To Retain Talent, Now Offering $40,000 Bonuses To Newly Promoted Associates

2021-05-11

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2021-05-11

Not in Labor Force, 1994 - 2020
It looks like the hiring (and retention) shortage isn't just for rank-and-file minimum wage jobs.UBS has now said that, amidst historic competition and a "retention crisis" in the investment banking world (which we noted weeks ago), it is going to pay a one time $40,000 bonus to its global banking analysts when they are promoted.

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Credit Suisse Hires Former Prime Brokerage Head To Restore Business After Archegos Blowup

2021-05-09

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2021-05-09

Hires Former Prime Brokerage
After firing a raft of senior employees including its head of risk, Lara Warner, Credit Suisse has been struggling to move past a series of major risk-management failures that together could cost the bank $10 billion, or more, though the final tally of losses from the Archegos blowup isn't yet known as the bank weighs whether it should cover some client losses associated with the "low risk" trade-finance funds that collapsed earlier this year.

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Gold Is Laughing At Powell

2021-05-03

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2021-05-03

Authored by Matthew Piepenburg via GoldSwitzerland.com,Recently, my colleague, Egon von Greyerz, and I had some unabashed yet blunt fun calling out the staggering levels of open hypocrisy and policy desperation unleashed by former Fed Chairman, Alan Greenspan.Poor Alan was an easy target of what I described as the “patient zero” of the reckless interest rate suppression and unbridled monetary expansion policies of the Fed which have always led to...

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The $3 Trillion Hidden Exposure Behind The Archegos Blowup

2021-05-02

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2021-05-02

Authored by Nick Dunbar of Risky FinanceWhen the family office Archegos Capital abruptly imploded in late March, prompting $50 billion in block trades and $10 billion in losses at Credit Suisse, Nomura, UBS and Morgan Stanley, many bank analysts were taken by surprise. Last week, many of these analysts sounded frustrated listening to Credit Suisse’s earnings call in which senior management skirted round without giving any real detail about the...

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Swiss Financial Accounts: Household wealth in 2020 and focus article

2021-05-01

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2021-05-01

Financial and real estate wealth of households increases. The Swiss National Bank is today publishing data on Q4 2020 as part of the financial accounts. Thus, household wealth data are now also available for the full year.

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Astrid Frey appointed new SNB delegate for regional economic relations for Central Switzerland

2021-04-30

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2021-04-30

With effect from 1 May 2021, Astrid Frey will take on the function of Swiss National Bank delegate for regional economic relations for the Central Switzerland region. She succeedsGregor Bäurle, who assumed the posit ion of Head of the SNB’s Regional Economic Relations unit on 1 January 2021.

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Recall of banknotes from eighth series

2021-04-28

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2021-04-28

The Swiss National Bank is recalling its eighth-series banknotes as of 30 April 2021. From this date on, the banknotes from the eighth series lose their status as legal tender and can no longer be used for payment purposes.

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