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Swiss Franc News

Swiss central bank

27 Feb 2017

Cash no longer king? Swiss National Bank begs to differ

The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.

05 Jun 2016

People of this country overwhelmingly reject 'free money' plan

Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation.

09 Nov 2015

China to start direct trading between Yuan and Swiss Franc

The move will lower trading costs for China and Switzerland.

29 Jun 2015

Swiss bank acts to halt franc rise as investors seek refuge in Greek crisis

Switzerland`s central bank was forced Monday to intervene "in order to stabilise the markets," which have tumbled over Greece`s escalating crisis, the bank`s chief Thomas Jordan said.

19 Jun 2015

Switzerland may tighten anti-money laundering rules

Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime.

23 Feb 2015

Global stocks rise, safe-haven Swiss franc falls on Greek deal

Shares rose and the safe-haven Swiss franc fell against the euro on Monday after Greece reached a conditional deal with its international partners to avert an immediate financial crisis.

05 Feb 2015

Global stocks gain as oil rises; euro up Vs Swiss franc

Stock markets around the world mostly rose on Thursday as crude oil rebounded, although caution remained following the European Central Bank`s surprise decision to strike Greek bonds off its list of accepted collateral.

20 Jan 2015

It's a costlier Davos for world's rich & powerful at WEF meet

As the rich and powerful from across the world began descending on this Alpine resort town today, they are finding everything costlier -- thanks to an unprecedented rally in local currency Swiss franc's valuation.

17 Jan 2015

Swiss franc surge rocks currency brokers, burns banks

The surprise surge in the Swiss franc left currency brokers and banks worldwide licking their wounds on Friday, with at least two brokers declaring insolvency and others warning of heavy losses.

16 Jan 2015

Asia shares wobble; Swiss move heightens volatility

MSCI`s broadest index of Asia-Pacific shares outside Japan edged down about 0.1 percent in early trade.

16 Jan 2015

Euro slips against franc, equities fall after shock Swiss move

The euro sank almost two percent against the Swiss franc on Friday and Asian markets tumbled as traders were left stunned by Switzerland`s shock decision to remove its currency peg to the euro.

15 Jan 2015

Switzerland scraps euro rate cap, franc soars

The SNB had been defending the exchange rate floor since September 2011.

Swiss central bank

18 Sep 2014

Swiss central bank lowers growth outlook, holds key rate

The Swiss National Bank (SNB) maintained its target range for the franc`s three-month London interbank offered rate, known as the Libor rate, at between 0.0 and 0.25 percent.

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