A woman activist spray painted a message on a billboard outside Switzerland’s central bank on Friday in an echo of a similar protest last year in which an 86-year-old woman was arrested.
As the Swiss National Bank (SNB) continues to release its new series of banknotes, time is being called on a series from 1976, which will lose its value in 2020.
The Swiss National Bank (SNB) says it has "intervened" in the foreign exchange market to stabilize the franc, considered a safe haven currency, following the Brexit vote.
Switzerland's central bank on Thursday scrapped a three-year bid to hold down the value of its currency against the euro, in a shock announcement that set off panic in the markets.
The Swiss National Bank on Thursday kept its key interest rate unchanged, sticking to its monetary policy as it raised its economic growth forecast for 2013.
The federal prosecutor’s office has launched a criminal investigation into Philipp Hildebrand, the former chairman of the Swiss National Bank who resigned in January 2012, a Swiss magazine says.
The Swiss central bank (SNB) is shoring up the eurozone's government bond market and holding down the interest rates which five key countries pay to borrow, ratings agency Standard & Poor's estimated on Tuesday.
The Swiss National Bank on Thursday kept its low key rate unchanged and said the current global economic climate was forcing it to cut its 2012 economic growth outlook.
<p>The euro on Thursday dipped briefly below the 1.20 Swiss franc floor imposed by Switzerland's central bank to curb the soaring local currency.</p>
<p>Switzerland's central bank said Tuesday it would fight any appreciation of the already strong Swiss franc, which has in recent days edged closer to the bank's cap of 1.20 francs per euro.</p>
<p>The Swiss National Bank, which set an exchange rate floor against the euro of 1.20 francs to curb its spike in value, expects the franc to decline in the future, a board member said on Tuesday.</p>
<p>Swiss President Eveline Widmer-Schlumpf said Thursday she wanted to restore credibility to the country's financial system after a scandal involving the central bank head rocked the country.</p>
<p>Former Swiss central bank chief Philipp Hildebrand will receive a full 12 months salary after quitting in a scandal over foreign exchange trades by his wife, media reported on Thursday.</p>
<p>Kashya Hildebrand, the wife of Switzerland's former central back chief, has apologised to her husband and the Swiss people for the massive currency transaction that led to her husband's resignation amid accusations of insider trading. <strong><br /></strong></p>
<p class="MsoNormal" style="line-height: normal;"><strong><span lang="EN-US">Swiss newspapers say the president of the Swiss National Bank (SNB) had no choice </span></strong><strong><span lang="EN-GB">but to resign in light of his inability to prove his good faith after becoming embroiled in a currency scandal. <br /></span></strong></p>
<p>The embattled head of the Swiss central bank, Philipp Hildebrand, announced his resignation on Monday with immediate effect after being caught up in a scandal over foreign exchange trades by his wife.</p>
<p>The Swiss National Bank (SNB) said on Monday it will continue to defend "with the utmost determination" the exchange rate floor of 1.20 francs a euro following the surprise resignation of the central bank's chairman.</p>
<p><strong><span lang="EN-US">Swiss People’s Party figurehead Christoph Blocher has accused the government of covering up the “crap” left behind by central bank president Philipp Hildebrand.</span></strong></p>
<p>A bank employee who allegedly stole details of a currency transaction that would lead to a scandal enveloping Swiss central bank chief Philipp Hildebrand has attempted suicide, the SonntagsZeitung<br /> newspaper reported on Sunday.</p>
<p>Swiss central bank chief Philipp Hildebrand is due to break his silence later on Thursday over his wife's controversial dollar purchase that has sparked a growing scandal and speculation over insider trading.</p>
<p><strong><span lang="EN-GB">Swiss newspapers believe t</span></strong><strong><span lang="EN-GB">he reputation of the Swiss National Bank (SNB) has been seriously damaged by reports that the wife of bank chief Philipp Hildebrand made tens of thousands of francs in profit by speculating on an overvalued franc. <br /></span></strong></p>
<p>Swiss central bank chief Philipp Hildebrand did not know about his wife's purchase of $504,000 dollars until the day after the transaction, a report by the bank's auditor said on Wednesday.</p>
