The Latest Breaking News from SNB

Geneva (AFP) - The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday.

London (AFP) - The Bank of England joined Norway and Switzerland in hiking interest rates Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

Stock futures nudge higher as Fed hints at rate hike pause; Yellen says no plan for 'blanket' bank deposit insurance' from Treasury; Coinbase shares tumble after crypto exchange gets SEC Wells Notice; Swiss National Bank hikes rates, says bank crisis 'halted and Boeing confirms $2.5 billion 737 Max deal with…

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

London (AFP) - Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the UK's central bank next in line after the US Federal Reserve also lifted borrowing costs. 

London (AFP) - A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector.

In light of the repercussions of the crisis experienced by the Credit Suisse Group, the second largest bank in Switzerland, which has been operating for 167 years, the Saudi National Bank announced on Monday that any change in the fair value of its investment in the Swiss group would not…

Could isolated failures herald another global banking crisis?

Here's an imaginary depiction of the talks that sealed the fate of Credit Suisse, a 167-year-old European bank.

What will the Federal Reserve and Bank of England do with benchmark interest rates in the wake of the banking crisis? Traditionally, controlling inflation has been the prime mandate of central banks.

LONDON/ZURICH: Shares in Credit Suisse dropped 64% after the market opened on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.