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Completed. 12 June 2023. On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion (US$ 3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority. [1][2][3] The Swiss National Bank supported the deal by providing more than CHF 100 billion (US ...
The Swiss National Bank provided 1.2 billion CHF to the Reichsbank. Of this, a value of approximately 780 million CHF of the gold given to the National Bank was gold which had been looted by the forces of Germany. In addition the National Bank also exchanged between 1.2 and 1.6 billion CHF for gold from the Allied forces. [11]
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. [2] [3] It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. [1] As a price index, the SMI is not adjusted for dividends. [4] The SMI was introduced on 30 June 1988 at a baseline value ...
SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zürich, is Switzerland 's principal stock exchange (the other being BX Swiss). SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as stock options. SIX Swiss Exchange is completely owned by SIX Group, an unlisted public limited company ...
The increase to 0.5%, from minus 0.25%, followed a 50 basis point hike in June from minus 0.75%, the SNB's first rate hike in 15 years. Swiss National Bank exits negative rates era with 0.75% hike ...
Swissquote Group Holding SA [2] is a Swiss banking group specialising in providing online financial and trading services. The Group's shares have been listed on the SIX Swiss Exchange under the ticker symbol “SQN” since 29 May 2000. [3] Its headquarters are located in Gland, Switzerland. The company also has offices in Zurich, London, Dubai ...
Unlike the U.S. Federal Reserve and the Bank of England, the SNB held off hiking interest rates, sticking with the world's lowest interest rate of minus 0.75% as expected. Swiss National Bank ...
The SNB is maintaining its expansionary monetary policy with a view to ensuring price stability and providing ongoing support to the Swiss economy in its recovery from the impact of the ...