Swiss National Bank presses ahead as rate cutting front-runner
The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easing price pressures that allowed it to maintain its position as a front-runner in the global policy easing cycle now underway. The Swiss franc weakened against other currencies and stocks gained after the central bank cut its policy rate by 25 […]
UBS CEO pushes back against Swiss critics of bank’s size
UBS’s (UBSG.S), CEO on Tuesday hit out at suggestions Switzerland should set tougher regulations for the bank after its 2023 takeover of Credit Suisse, saying “fear” and “populist” critics were doing down the business and the country’s own prospects. Speaking as the government and regulators mull plans to make the bank hold more capital, UBS CEO […]