GenevaLunch » SNB http://genevalunch.com Community Newspaper Online Fri, 10 Feb 2012 06:10:57 +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.jpg GenevaLunch http://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no New bank notes delayed by a year http://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 cap http://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 reform http://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.

]]> http://genevalunch.com/blog/2012/01/25/swiss-govt-to-review-need-for-central-bank-governance-reform/feed/ 0 Gold: Swiss central bank expects CHF13 billion profit http://genevalunch.com/blog/2012/01/13/gold-swiss-central-bank-expects-chf13-billion-profit/ http://genevalunch.com/blog/2012/01/13/gold-swiss-central-bank-expects-chf13-billion-profit/#comments Fri, 13 Jan 2012 10:09:41 +0000 Ellen Wallace http://genevalunch.com/?p=65217 GenevaLunch.com Taxpayers get CHF1 billion via federal, cantonal budget boosts ZURICH, SWITZERLAND – Swiss federal and cantonal budgets look set to receive some CHF1 billion from the Swiss National Bank, which expects to end 2011 with a profit of CHF13 billion. A little over one-third of the profit, CHF5b, is thanks to the meteoric rise of [...]

Gold: Swiss central bank expects CHF13 billion profit © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/13/gold-swiss-central-bank-expects-chf13-billion-profit/feed/ 0 Swiss central bank after Hildebrand: continuity is the word, Hildebrand’s wife apologizes http://genevalunch.com/blog/2012/01/11/swiss-central-bank-after-hildebrand-continuity-is-the-word-hildebrands-wife-apologizes/ http://genevalunch.com/blog/2012/01/11/swiss-central-bank-after-hildebrand-continuity-is-the-word-hildebrands-wife-apologizes/#comments Wed, 11 Jan 2012 22:39:14 +0000 Ellen Wallace http://genevalunch.com/?p=65153 GenevaLunch.com TSR Wednesday evening ran an interview with Kashya Hildebrand from Italian TV, where she apologized to Switzerland and her husband BERN / ZURICH, SWITZERLAND – Swiss political and economic circles were still abuzz Wednesday 11 January with the fallout from the resignation Monday of Philipp Hildebrand as chairman of the Swiss National Bank. New developments: [...]

Swiss central bank after Hildebrand: continuity is the word, Hildebrand’s wife apologizes © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/11/swiss-central-bank-after-hildebrand-continuity-is-the-word-hildebrands-wife-apologizes/feed/ 0 Hildebrand pushed by governors, Swiss media suggest http://genevalunch.com/blog/2012/01/10/hildebrand-pushed-by-governors-swiss-media-suggest/ http://genevalunch.com/blog/2012/01/10/hildebrand-pushed-by-governors-swiss-media-suggest/#comments Tue, 10 Jan 2012 13:30:05 +0000 Ellen Wallace http://genevalunch.com/?p=65104 GenevaLunch.com ZURICH, SWITZERLAND – The head of the Swiss National Bank may have been pushed to resign by the governing board of the bank, Swiss media, particularly in German-speaking Switzerland, are suggesting Tuesday. Philipp Hildebrand handed in his resignation Monday afternoon, after a two-week scandal sparked by information about his wife’s purchase of dollars in August [...]

Hildebrand pushed by governors, Swiss media suggest © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/10/hildebrand-pushed-by-governors-swiss-media-suggest/feed/ 0 Hildebrand’s resignation: scandal grows more complex as IT data thief blames lawyer http://genevalunch.com/blog/2012/01/09/hildebrands-resignation-scandal-grows-more-complex-as-it-data-thief-blames-lawyer/ http://genevalunch.com/blog/2012/01/09/hildebrands-resignation-scandal-grows-more-complex-as-it-data-thief-blames-lawyer/#comments Mon, 09 Jan 2012 14:17:22 +0000 Ellen Wallace http://genevalunch.com/?p=65057 GenevaLunch.com IT whistleblower says lawyer took advantage of him ZURICH, SWITZERLAND – Swiss central bank chairman Philipp Hildebrand, age 48, has just resigned, effective immediately, but the scandal over the theft of private bank data and the financial transactions of Hildebrand’s wife is not likely to die down quickly. He had worked for the bank since [...]

Hildebrand’s resignation: scandal grows more complex as IT data thief blames lawyer © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/09/hildebrands-resignation-scandal-grows-more-complex-as-it-data-thief-blames-lawyer/feed/ 0 Breaking news: Swiss central bank chairman Hildebrand resigns http://genevalunch.com/blog/2012/01/09/breaking-news-swiss-central-bank-chairman-hildebrand-resigns/ http://genevalunch.com/blog/2012/01/09/breaking-news-swiss-central-bank-chairman-hildebrand-resigns/#comments Mon, 09 Jan 2012 13:36:34 +0000 Ellen Wallace http://genevalunch.com/?p=65059 GenevaLunch.com ZURICH, SWITZERLAND – Philipp Hildebrand, chairman of the Swiss National Bank, has resigned, effective immediately, the SNB has announced. He will issue a press statement at 15:15. Details to follow

Breaking news: Swiss central bank chairman Hildebrand resigns © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/09/breaking-news-swiss-central-bank-chairman-hildebrand-resigns/feed/ 0 Swiss central bank supervisory body to check all board transactions since Jan 2009 http://genevalunch.com/blog/2012/01/07/swiss-central-bank-supervisory-body-to-check-all-board-transactions-since-jan-2009/ http://genevalunch.com/blog/2012/01/07/swiss-central-bank-supervisory-body-to-check-all-board-transactions-since-jan-2009/#comments Sat, 07 Jan 2012 18:38:20 +0000 Ellen Wallace http://genevalunch.com/?p=65026 GenevaLunch.com Bank Council says “taking measures is in order”: tighter rules immediately for board members and greater future transparency ZURICH, SWITZERLAND – The supervisory body for the Swiss National Bank (SNB) announced after a special meeting Saturday 7 January that it is tightening measures governing board members’ personal financial transactions, effective immediately, hiring an outside body [...]

Swiss central bank supervisory body to check all board transactions since Jan 2009 © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/07/swiss-central-bank-supervisory-body-to-check-all-board-transactions-since-jan-2009/feed/ 0 Philipp Hildebrand, SNB central bank boss, meets journalists (update 2) http://genevalunch.com/blog/2012/01/05/philipp-hildebrand-snb-central-bank-boss-meets-journalists-update-1/ http://genevalunch.com/blog/2012/01/05/philipp-hildebrand-snb-central-bank-boss-meets-journalists-update-1/#comments Thu, 05 Jan 2012 15:06:43 +0000 Ellen Wallace http://genevalunch.com/?p=64987 GenevaLunch.com ZURICH, SWITZERLAND – Philipp Hildebrand, chairman of the Swiss National Bank, met with the press at 16:00, following heavy media coverage and questions raised over the profits made from currency deals by Hildebrand or his wife in late 2011. Hildebrand, who appeared tired but in form, first provided a lengthy summary of the incidents that [...]

Philipp Hildebrand, SNB central bank boss, meets journalists (update 2) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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