The Latest Breaking News from SNB

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

Stock futures nudge higher as Fed hints at rate hike pause; Yellen says no plan for 'blanket' bank deposit insurance' from Treasury; Coinbase shares tumble after crypto exchange gets SEC Wells Notice; Swiss National Bank hikes rates, says bank crisis 'halted and Boeing confirms $2.5 billion 737 Max deal with…

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?

Here's an imaginary depiction of the talks that sealed the fate of Credit Suisse, a 167-year-old European bank.

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 bank will borrow nearly $54 billion from the Swiss central bank (SNB) to bolster its liquidity. Credit Suisse shares rebounded nearly 23%.

The Asian and Australian stock markets fell following the panic