Category: Swiss National Bank

Zero Interest Rates Are Back in Europe

The Swiss National Bank lowered rates to zero after consumer prices fell last month. Other European central banks are grappling with uncertainty caused by President Trump’s tariffs.
Central Banks Around the World Are Cutting Rates

Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.
UBS Nears Deal to Buy Credit Suisse

The New York Times – Business:
The Swiss government is close to announcing a deal for UBS to buy Credit Suisse, its smaller rival, for about $1 billion.
Credit Suisse Shares Jump As Banking Backstops Go Global

The New York Times – Business:
Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.
Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank

The New York Times – Business:
The Swiss lender had ended Wednesday fighting for its life, with shares at a record low and the cost to insure against a default the highest ever. The loan is an effort to avert further damage.

Zero Interest Rates Are Back in Europe