NEWS
European Central Bank cuts forecast, euro exchange rate gets affected
14 December 2018The European Central Bank decreased its forecast for economic growth and inflation, whereas the Swiss National Bank cut its inflation outlook. The decision of ECB, together with some harsh comments of its president, pushed the euro’s exchange rate lower on Friday morning.
Data on wages in Switzerland unveiled: pharma takes the lead
06 December 2018Recently published data on the executive salaries revealed that bankers are no longer the best earning top employees in the country. The pharmaceutical industry has taken over the lead. Also, median wages for all kind of employees in Zurich has been unveiled.
WE CHANGED THE BANK
02 December 2018We have moved our bank accounts from BCGE to ZKB!
ExchangeMarket.ch is changing the bank accounts from December 1st 2018. We will be requesting our customers to make the bank transfers to our new bank accounts at Zürcher Kantonalbank from this date on.
Euro exchange rate slips as Euro Zone economy slows down
27 November 2018The Euro has fell down against the US dollar, losing its earlier gains. It was due to the comments of Mario Draghi, the head of European Central Bank, that informed the Euro Zone economy growth is slowing down.
FINMA reportedly sets tough restriction on bank crypto trading
23 November 2018Swiss Financial Market Supervisory Authority FINMA is said to put restrictions on banks that crypto assets risk should be weighted eight times their market value when it comes to calculating loss-absorbing capital buffers. Such news comes from confidential letter obtained by swissinfo.ch.