The Latest Breaking News from SNB

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

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil

The Swiss authorities sent a reassuring message to the markets which are questioning the financial solidity of Credit Suisse.

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

Swiss bank’s shares fall to record low as top shareholder Saudi National Bank rules out more funding

Swiss citizens are likely to vote in a future referendum on whether to enshrine the availability of cash in the constitution.

Saudi National Bank, the Kingdom's biggest lender, said on Sunday its net profit in the third quarter rose 18.7% from the same period year before on higher operating income and lower net impairments for expected credit losses. SNB posted net profit of 4.725 billion riyals ($1.26 billion) in the quarter,…

Zurich (AFP) - The Swiss franc is breaking records against the euro, giving the Swiss economy a temporary boost as central banks battle inflation -- although experts remain cautious about the months ahead.

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.

Zurich (AFP) - The Swiss and Norwegian central banks announced hefty interest rate hikes on Thursday as global monetary policymakers ramp up the battle against runaway inflation.

Paris (AFP) - Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into recession, analysts say.