The Latest Breaking News from SNB

The Saudi National Bank torpedoed its own $1.6 billion investment after its ill chosen words obliterated any remaining confidence in the Swiss lender.

Ammar Al Khudairy’s remarks about Swiss lender spurred investor panic that led to emergency takeover

Shares in First Citizens Bank surge 45% as it agrees to buy much of Silicon Valley Bank, while Saudi National Bank’s Ammar Alkhudairy resigns

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

In light of the repercussions of the crisis experienced by the Credit Suisse Group, the second largest bank in Switzerland, which has been operating for 167 years, the Saudi National Bank announced on Monday that any change in the fair value of its investment in the Swiss group would not…

Could isolated failures herald another global banking crisis?

What will the Federal Reserve and Bank of England do with benchmark interest rates in the wake of the banking crisis? Traditionally, controlling inflation has been the prime mandate of central banks.

LONDON/ZURICH: Shares in Credit Suisse dropped 64% after the market opened on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.

Central banks around the world hail £2.7bn merger which saw Swiss government bend the rules for swift action

The Asian and Australian stock markets fell following the panic