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Currency intervention
Swiss National Bank
The Sovereign Money Initiative aims to give the Swiss Confederation a monopoly on money creation, including demand deposit (full-reserve banking), [7] by including the creation of scriptural money in the legal mandate of the Swiss National Bank. [8] The Swiss National Bank opposed the initiative. [9] The coins of the Swiss franc. The referendum ...
Acquisition of Credit Suisse by UBS
The Swiss National Bank (SNB) was the first major central bank to kick off an easing cycle earlier this year and its key interest rate stands at 1.25%, allowing investors to borrow francs cheaply ...
Swiss franc - Wikipedia ... Swiss franc
On a national level, the scandal revealed the flaws in the Swiss banking system and forced banks to admit that they had to demand proof of their customers' identity; the tangible result was the 1977 signing, by members of the Swiss Bankers Association and the Swiss National Bank of the "Agreement on the Swiss banks' code of conduct with regard ...
In October 2008, the Swiss National Bank funded a reorganization of UBS that removed bad assets from its books, and later sold its equity stake at a profit. In November 2008, the U.S. government announced it was purchasing $27 billion of preferred stock in Citigroup, a USA bank with over $2 trillion in assets, and warrants on 4.5% of its common ...