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The Latest Breaking News from the Swiss National Bank

Switzerland converted military tunnels in the Alps into gold vaults during World War II, hiding its reserves beneath solid rock as Europe descended into war

Switzerland moved its gold reserves into Alpine vaults before World War II. A military ammunition depot became a secure underground treasury for national assets. This decentralization expanded storage capacity and reduced urban risks during the war. The Alps became an integral part of Switzerland's financial infrastructure and defense. New research…

The Times of India

This ETF Just Might Bail You Out If the Dollar Keeps Tanking

The U.S. dollar is trending downward, and it could have further to fall. Here's one ETF to consider as a hedge.

Barchart

Swiss Central Bank Keeps Zero-rate As Tariffs Take Their Toll

Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy.

International Business Times

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Swiss Central Bank Cuts Interest Rates To Zero Percent

The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated.

International Business Times

Swiss Cut Rates Again Over Global Economic 'Uncertainty'

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.

International Business Times

Dollar Advances on Higher Bond Yields and Euro Weakness

The dollar index (DXY00 ) Thursday rose by +0.24% and posted a 2-week high. The dollar found support Thursday after US Nov PPI rose more than expected, which pushed T-note yields higher and is hawkish for Fed policy. Also, the weakness in the euro Thursday was supportive of the dollar...

Barchart

Dollar Climbs with Bond Yields and Euro Weakness

The dollar index (DXY00 ) today is up +0.03%. The dollar today climbed to a 2-week high and is slightly higher after US Nov PPI rose more than expected, which pushed T-note yields higher and was hawkish for Fed policy. Also, weakness in the euro is supportive of the dollar...

Barchart

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Swiss Central Bank Announces Big Rate Cut To Boost Economy

The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe.

International Business Times

Swiss National Bank Lowers Interest Rates Amid Inflation Concerns

Swiss National Bank cuts interest rates in response to easing inflationary pressure, diverging from global trend.

Top News

Switzerland Becomes First Developed Economy To Cut Interest Rate

The Swiss National Bank cut interest rates on Thursday -- the first to do so among the major central banks, saying the battle against inflation was working almost two years after launching its monetary tightening campaign.

International Business Times

UBS ends billions in taxpayer-funded support that paved way for Credit Suisse takeover

Swiss taxpayers are off the hook from a government-engineered rescue plan that doled out billions to help UBS, the country’s largest bank, take over its ailing rival Credit Suisse

The Independent UK

What happened to Credit Suisse and why are banks needing bailouts again?

Could isolated failures herald another global banking crisis?

The Independent UK

What is Credit Suisse, why is it so significant and who rescued it from collapsing?

As Switzerland’s second biggest lender, Credit Suisse was considered one of the top 30 most important banks in the world

Evening Standard

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The Guardian - UK

Investors consider legal action over Credit Suisse deal; Downing Street says UK banking system is safe – as it happened

Holders of riskier AT1 bonds, which are wiped out under deal with UBS, consider legal action.

Axios

UBS to buy Credit Suisse as banking fears persist

Swiss regulators manage takeover of 167-year-old European banking giant.

The Guardian - US

UBS in talks to take over all or part of Credit Suisse as share prices fall – report

The troubled bank continued to see its price fall despite a $54bn cash infusion from the Swiss national bank

Bangkok Post

SET allays concerns among investors

The Stock Exchange of Thailand (SET) yesterday rushed to ease concerns after a plunge in Credit Suisse shares, reigniting worries about a possible banking crisis.

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Bangkok Post

Asset managers counting on Credit Suisse assistance

Local fund managers and economists insist the Swiss government and central bank will not let Credit Suisse collapse, but warn the situation remains fragile and investors should add gold to their portfolios amid the ongoing market volatility.

The New Daily

Credit Suisse adds to fears of new GFC; rate hikes may be paused

European markets have turned sour with concerns now directed at Credit Suisse whose shares plunged 24 per cent to a record low.

The Guardian - UK

ECB’s Lagarde insists banks much stronger than in 2008 after raising interest rates despite Credit Suisse turmoil – as it happened

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil

Asharq Al-Awsat

Credit Suisse Says It Will Borrow Up to $53.7 bn from Central Bank

Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The disclosure came just hours after the Swiss National Bank said capital and liquidity levels at the lender were adequate for a "systemically…

Chicago Sun-Times

Banking fears spread to Europe, dragging down shares of big lenders

On the heels of bank failures in the U.S., shares of European bank Credit Suisse fall, prompting concerns about the health of the global banking system.

Axios

Credit Suisse to borrow up to $54 billion from Switzerland's central bank

Credit Suisse is borrowing from the Swiss National Bank under a covered loan facility.

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