Central banks free up more money for markets »

By admin on Sep 22, 2008 in Swiss Banking | 0 Comments

The Swiss National Bank has joined other European central banks in rolling out more funding for the world’s hard-hit financial markets. The institution allotted $10 billion (SFr10.94 billion) at an average rate of 2.72 per cent, while the European Central Bank put up $40 billion and the Bank of England $26 billion. Japan has also [...]

Swiss still trust their banks »

By admin on Sep 21, 2008 in Swiss Banking | 0 Comments

A majority of Swiss people still have confidence in the country’s banks, although not in UBS UBSN.AS, which has been mauled by the global financial crisis, an opinion poll published on Sunday showed. The survey conducted by Isopublic pollsters for the SonntagsBlick newspaper during last week’s rollercoaster ride on the stock markets showed that 75 [...]

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