GenevaLunch » SNB http://genevalunch.com Community Newspaper Online Sun, 27 May 2012 09:11:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpgGenevaLunchhttp://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no Swiss central bank shows Q1 loss over currency positionshttp://genevalunch.com/blog/2012/04/30/swiss-central-bank-shows-q1-loss-over-currency-positions/ http://genevalunch.com/blog/2012/04/30/swiss-central-bank-shows-q1-loss-over-currency-positions/#comments Mon, 30 Apr 2012 08:51:12 +0000 Ellen Wallace http://genevalunch.com/?p=69723 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss National Bank (SNB) showed a first quarter loss of CHF1.7 billion, central bank figures released Monday 30 April show. The SNB had a loss of CHF 2.6 billion due to exchange rate losses, offset in part by a gain of CHF0.8b in the value of gold holdings and a gain [...]

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]]> http://genevalunch.com/blog/2012/04/30/swiss-central-bank-shows-q1-loss-over-currency-positions/feed/ 0 Blocher could face investigation, Hildebrand’s wife observed the ruleshttp://genevalunch.com/blog/2012/04/25/blocher-could-face-investigation-hildebrands-wife-observed-the-rules/ http://genevalunch.com/blog/2012/04/25/blocher-could-face-investigation-hildebrands-wife-observed-the-rules/#comments Wed, 25 Apr 2012 19:42:10 +0000 Ellen Wallace http://genevalunch.com/?p=69493 GenevaLunch.com BERN, SWITZERLAND – Kashya Hildrebrand broke no rules and Christoph Blocher should not have parliamentary immunity: two decisions came from separate corners Wednesday 25 April that could shift the impact of the scandal that led to the resignation of Switzerland’s central bank chief Philipp Hildebrand in early January. The Swiss National Bank announced Wednesday evening [...]

Blocher could face investigation, Hildebrand’s wife observed the rules © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/25/blocher-could-face-investigation-hildebrands-wife-observed-the-rules/feed/ 0 Jordan and Danthine to head SNBhttp://genevalunch.com/blog/2012/04/18/jordan-and-danthine-to-head-snb/ http://genevalunch.com/blog/2012/04/18/jordan-and-danthine-to-head-snb/#comments Wed, 18 Apr 2012 12:17:17 +0000 Ellen Wallace http://genevalunch.com/?p=69196 GenevaLunch.com Jean Studer named bank commission president ZURICH, SWITZERLAND – The new head of the Swiss National Bank is Thomas Jordan, as widely expected, in the role of chairman of the governing board. Jean-Pierre Danthine has been named vice-chairman of the board and Fritz Zurbrügg has been named to the board by the Swiss Federal Council. Jean [...]

Jordan and Danthine to head SNB © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/18/jordan-and-danthine-to-head-snb/feed/ 0 Swiss central bank tightens staff rules, selects new chairmanhttp://genevalunch.com/blog/2012/04/18/swiss-central-bank-tightens-staff-rules-selects-new-chairman/ http://genevalunch.com/blog/2012/04/18/swiss-central-bank-tightens-staff-rules-selects-new-chairman/#comments Wed, 18 Apr 2012 09:17:21 +0000 Ellen Wallace http://genevalunch.com/?p=69180 GenevaLunch.com New chairman not yet named, but expected Wednesday morning ZURICH, SWITZERLAND – The Swiss National Bank governors meeting in Zurich Wednesday 18 April are expected to name a new chairman to lead the central bank. Zurich media rumours fed by newspaper NZZ have had it for the past two weeks that Thomas Jordan, acting chairman, [...]

Swiss central bank tightens staff rules, selects new chairman © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/18/swiss-central-bank-tightens-staff-rules-selects-new-chairman/feed/ 0 SNB board member cautions mortgage seekers on low interest rateshttp://genevalunch.com/blog/2012/03/23/snb-board-member-cautions-mortgage-seekers-on-low-interest-rates/ http://genevalunch.com/blog/2012/03/23/snb-board-member-cautions-mortgage-seekers-on-low-interest-rates/#comments Fri, 23 Mar 2012 07:58:49 +0000 Ellen Wallace http://genevalunch.com/?p=68186 GenevaLunch.com Switzerland as safe haven continues for now, but don’t count on long-term impact ZURICH, SWITZERLAND – Current very low interest rates are not the “new norm”, Jean-Pierre Danthine cautioned in a speech to the Money Market Event in Zurich 22 March. Danthine is a member of the governing board of the Swiss National Bank. “As [...]

SNB board member cautions mortgage seekers on low interest rates © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/23/snb-board-member-cautions-mortgage-seekers-on-low-interest-rates/feed/ 0 Swiss central bank to maintain interest rates, CHF1.20/euro caphttp://genevalunch.com/blog/2012/03/15/swiss-central-bank-to-maintain-interest-rates-chf1-20euro-cap/ http://genevalunch.com/blog/2012/03/15/swiss-central-bank-to-maintain-interest-rates-chf1-20euro-cap/#comments Thu, 15 Mar 2012 09:11:41 +0000 Ellen Wallace http://genevalunch.com/?p=67707 GenevaLunch.com Swiss National Bank says its policy is paying off, expects 1% growth as economy stabilizes ZURICH, SWITZERLAND – The Swiss National Bank Thursday 15 March issued a relatively optimistic quarterly report despite the Ides of March date. It confirmed that it is maintaining its CHF1.20 to the euro exchange rate cap, and is keeping in [...]

Swiss central bank to maintain interest rates, CHF1.20/euro cap © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/15/swiss-central-bank-to-maintain-interest-rates-chf1-20euro-cap/feed/ 0 KPMG clears SNB board over personal transactionshttp://genevalunch.com/blog/2012/03/07/kpmg-clears-snb-board-over-personal-transactions/ http://genevalunch.com/blog/2012/03/07/kpmg-clears-snb-board-over-personal-transactions/#comments Wed, 07 Mar 2012 15:52:55 +0000 Ellen Wallace http://genevalunch.com/?p=67354 GenevaLunch.com ZURICH, SWITZERLAND – Swiss National Bank Governing Board extended members did not break any rules or gain personally from financial transactions from 2009 to 2011, auditors at KPMG stated categorically Wednesday 7 March. They were asked in January to review personal transactions and taxes filed by the extended board following the 9 January resignation of [...]

KPMG clears SNB board over personal transactions © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/07/kpmg-clears-snb-board-over-personal-transactions/feed/ 0 New bank notes delayed by a yearhttp://genevalunch.com/blog/2012/02/09/new-bank-notes-delayed-by-a-year/ http://genevalunch.com/blog/2012/02/09/new-bank-notes-delayed-by-a-year/#comments Thu, 09 Feb 2012 09:24:19 +0000 Ellen Wallace http://genevalunch.com/?p=66454 GenevaLunch.com ZURICH/ BERN – New Swiss bank notes, tentatively scheduled to make their appearance towards the end of 2012, are being delayed for a year. The Swiss National Bank says that “unexpected technical problems were encountered in an early production stage” and that it will announce the issue date “as soon as the first banknote denomination [...]

New bank notes delayed by a year © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/09/new-bank-notes-delayed-by-a-year/feed/ 0 New central bank head forceful on maintaining franc caphttp://genevalunch.com/blog/2012/02/07/new-central-bank-head-forceful-on-maintaining-franc-cap/ http://genevalunch.com/blog/2012/02/07/new-central-bank-head-forceful-on-maintaining-franc-cap/#comments Tue, 07 Feb 2012 12:46:16 +0000 Ellen Wallace http://genevalunch.com/?p=66358 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss central bank does not see any risk of inflation for Switzerland in coming months, nor any need to reduce the level of liquidity. However, distortions in the mortgage and real estate market could increase and the Swiss government will soon look at the possible need to intervene. Thomas Jordan, vice [...]

New central bank head forceful on maintaining franc cap © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/07/new-central-bank-head-forceful-on-maintaining-franc-cap/feed/ 0 Swiss gov’t to review need for central bank governance reformhttp://genevalunch.com/blog/2012/01/25/swiss-govt-to-review-need-for-central-bank-governance-reform/ http://genevalunch.com/blog/2012/01/25/swiss-govt-to-review-need-for-central-bank-governance-reform/#comments Wed, 25 Jan 2012 17:46:03 +0000 Ellen Wallace http://genevalunch.com/?p=66002 GenevaLunch.com BERN, SWITZERLAND – The Swiss government is beginning a review of the possible need to reform governance of the Swiss National Bank. The cabinet Wednesday 25 January announced that it has asked Professor Paul Richli to draw up an external expert report that outlines “the tasks and responsibilities currently regulated in the National Bank legislation [...]

Swiss gov’t to review need for central bank governance reform © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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