Hosted on MSN

HSBC’s Swiss bank said to exit 1,000 mideast clients amid revamp

HSBC Holdings Plc’s Swiss private bank is ending relationships with wealthy Middle Eastern clients, including many with assets exceeding $100 million, as the bank seeks to lower its exposure to ...
WTVD

Credit Suisse borrows more than $50B from Swiss National Bank after shares crash 30%

Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the beleaguered megabank took it up on the offer, hoping to reassure investors that it had the ...
Bloomberg L.P.

SNB Introduces Stealth Negative Rate to Protect Money Market

The Swiss National Bank may have cut its interest rate to zero, but the way it penalizes banks’ excess reserve holdings means lenders will face negative rates if they park too much cash at the central ...
Reuters

Four bankers who helped Putin's friend set up Swiss bank account convicted

ZURICH, March 30 (Reuters) - Four bankers who helped a close friend of Vladimir Putin move millions of francs through Swiss bank accounts have been convicted of failing to perform due diligence in ...
KHQ

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. The SNB, however, held off a decision ...