After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.
Tags: Swiss national bank
Swiss Financial Regulator Proposes to Name and Shame Banks That Breached Rules
The Swiss financial regulator FINMA is seeking new powers to publicly name and shame banks that breach its rules. Switzerland has been looking to strengthen banking regulations since UBS took over Credit Suisse last year.
Virgin Galactic, AST SpaceMobile, Rocket Lab Stocks Skyrocket — Here's Why
The shares of Virgin Galactic, AST SpaceMobile, and Rocket Lab have skyrocketed after the Memorial Day long weekend.
JPMorgan profit rises as fixed-income trading rebounds
JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded.
Has the Fed's 'patience' been exhausted?
For a world economy coming to terms with a soaring dollar and a plunge in oil prices, this week will be all about the U.S. Federal Reserve's policy meeting and its intentions on interest rates.
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Hedge fund manager Marko Dimitrijevic is closing his largest hedge fund, Everest Capital's Global Fund, having lost almost all its money after the Swiss National Bank (SNB) scrapped its three-year-old cap on the franc against the euro, Bloomberg news reported on Saturday.
"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive.
Asian shares stumbled on Friday and the dollar skidded against the safe-haven yen after Switzerland's central bank unexpectedly scrapped its currency cap - jolting markets already roiled by plunging commodities prices.
The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven.
A proposal to prohibit the Swiss National Bank from selling any of its gold reserves has the support of 44 percent of the public, a closely watched survey showed on Friday, though that result falls short of the backing it needs to pass into law.
The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion. On Friday, the Swiss National Bank (SNB) said it had sold UBS's stabilization fund back.
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
According to Thomas Jordan, Swiss National Bank Chairman, said there is a lot that needs to be done before banks can avoid harming the general economy.
