ECB Cuts Rates and Restarts QE Program17 September 2019
The European Central Bank decided to further cut rates and to re-start its QE program of purchasing bonds. These are one of the last decisions approved by the ECB President Mario Draghi, whose term is coming to an end soon. They came as quite shock to the market.
Commercial Banks Not Doing That Bad in Spite of Negative Rates12 September 2019
Commercial banks are not doing that bad considering the negative interest rates that are deeply affecting, for instance, the stock market. Swiss banks in 2018 recorded higher operating income, though assets under management shrank a bit. There are though concerns for the future due to global economic situation.
Euro Edged Higher but Market Waits for ECB09 September 2019
The euro has edged higher on Monday against the US dollar as its exchange rate got trigged by good news from Germany. There was a report stating that Germany plans to boost fiscal stimulus. However, the upcoming ECB meeting put a stop to better euro growths.
SNB Under Pressure from New Lobby Group30 August 2019
The Swiss National Bank hasn’t had easy life recently – it is under pressure from market experts to act in a bid to stop the appreciation of Swiss franc, and now additionally a new powerful lobby group wants it to hand over some money collected from commercial banks to the state-pension organization.
Finma Grants Licenses to First-Ever Crypto Banks26 August 2019
The Swiss financial regulator FINMA has granted banking licenses to cryptocurrency banks. This is a game-changing decision for fintech, crypto-market as these will be first ever crypto banks operating in Switzerland.