Swiss National Bank keeps its franc ceiling of 1.20. The Swiss National Bank (SNB) will maintain the franc ceiling of 1. 20 against the euro. The SNB imposed the ceiling on the franc in September of 2011 which allowed it to stockpile foreign-currency reserves that is equivalent to 75% of Switzerland's annual economic output.
Tags: Swiss bank
Swiss Bank UBS Integrates AI for Faster Credit Services, Other Banks Expected to Follow Suit
UBS is leading AI integration in banking with initiatives like instant credit for small businesses, pushing the banking sector to embrace AI's transformative potential to keep up.
Swiss Banks Under Fire for Sharing Client Data with CIA for Anti-Terror Probes
Swiss banks are criticized for sharing banking data with the CIA, sparking debate over privacy rights and law enforcement needs, while Switzerland's Finance Minister defends the decision.
Swiss Banking Giant UBS Launches New Share Buyback Program of up to $2 Billion
Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday. Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday.
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
Latest News
1
