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Why do Indians still increasingly rush to Swiss banks to park their money?Swiss banks have long been a subject of political debate in India over alleged black money. However, experts argue that these institutions ...- Indian money in Swiss banks jumps more than three times in 2024, hits Rs 37,600 crore, data showsFunds parked by Indians in Swiss banks saw a significant rise. The Swiss National Bank data showed a notable increase in 2024. Deposits rea...
- Asia shares muted on mixed China data, euro pressureAsian share markets softer on mixed Chinese economic data. European political uncertainty persists. Swiss National Bank may ease. Markets a...
- Dollar strengthens after big shift in global rate outlookThe dollar rose against all G-10 currencies except the yen, as the relatively strong U.S. economy and high interest rates kept the carry tr...
- How Swiss authorities bungled Credit Suisse oversightHobbled by a series of scandals and failed restructuring plans under successive management teams, Credit Suisse had experienced massive dep...
- Dollar takes a dive after Fed signals rate cuts next yearBoth the euro and Japanese yen jumped in response, with the European Central Bank (ECB) preparing to announce its policy decision later on ...
- UBS ends state guarantee granted over Credit Suisse rescueUBS has repaid billions in emergency loans from the Swiss government, freeing it of taxpayer-backed funding. Among the loans repaid was 9 b...
- Saudi National Bank chair resigns in wake of Credit Suisse lossAmmar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.
- Merger of the Century: UBS against the clock in Credit Suisse takeover talksUBS will buy Credit Suisse in a deal to be sealed on Sunday during an exceptional meeting in Bern, bringing together the Swiss government a...
- Europe's central banks jack up interest rates to fight inflation surgeFuelled initially by soaring oil prices in the wake of Russia's invasion of Ukraine, inflation has broadened out to everything from food to...
- Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin, Shiba Inu fall up to 6%Bitcoin, the largest crypto by market value, fell 2.43 per cent in the last 24 hours to $38,607.36. It is down 2.3 per cent in the last sev...
- What I read this week: A listed central bank with soaring shares! Why stocks will keep risingOne has to be very careful in allocating their hard earned money in different asset classes.
- Forget the Melbourne heat, Roger Federer's sweating over the Swiss FrancLast week's decision by the Swiss National Bank to scrap its currency cap with the Euro not only roiled global markets, it's also being fel...
- Does it mean I’ve got to win now?: Roger Federer on Swiss Franc shockFederer makes more than $56 mn a year both on & off the court from endorsements with companies including Nike, Credit Suisse Group and Role...
- Indian companies hedged; little loss in Swiss Franc swingSwiss National Bank last week roiled global currency markets by abandoning its 3 yr peg to euro abruptly, leading to wild swings in Swiss f...
- Arun Jaitley denies of any letter from Swiss authorities on black moneyAccording to the latest data published by Switzerland's central bank SNB, Indian money in various Swiss banks rose by 43% during 2013.
- ECB holds key interest rate at record low of 0.75%; euro risesThe European Central Bank leaves its benchmark interest rate unchanged at 0.75%, holding off on further stimulus for slowing eurozone econo...
- Signs of US recovery cheered by investorsJobs and factory data offered hope that the US economy may be clawing its way out of recession, providing investors with upbeat news.
- Financial disaster’s detritus falls on usThe Troubled Asset Relief Program was used by the US administration not to buy off the toxic assets but to inject capital in US banks.
- Switzerland pumps billions into bank rescue planSwitzerland government stepped in Thursday with a nearly $60 billion bailout for the nation's largest bank.
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