Finance minister wants Swiss banks to hold more equity
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Finance Minister Karin Keller-Sutter has repeated calls for banks and their holdings in subsidiaries abroad to hold more equity.
SNB president warns of potential inflation shocks in Switzerland
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“In the current environment uncertainty remains elevated, and new shocks can occur at any time,” Swiss National Bank President Thomas Jordan warned.
SNB returns to quarterly profit thanks to Swiss franc weakness
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The Swiss National Bank's return to a quarterly profit could help officials to rebuild the central bank’s depleted capital base.
Swiss central bank increases minimum reserve requirements for banks
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The Swiss National Bank (SNB) is increasing the minimum reserve requirements for domestic banks and is amending the national bank ordinance on July 1, 2024.