Tectonic shifts in AI-powered banking
The banking industry is developing a range of AI-enabled tools to collect customer information. This is fine with regulators but brings us…
UBS acquires Credit Suisse: a new era begins
UBS acquires Credit Suisse with Federal Council approval granting a guarantee for additional liquidity support to Credit Suisse from the…
Cheap is over: Good and bad news for eurozone banks
Eurozone banks must reinvent themselves as the European Central Bank tries to “normalize” its monetary policy within a still abnormal…
Policymakers are mishandling the eurozone’s inflation
ECB officials and government policymakers in the euro area are groping in the dark for an effective price inflation policy.
The Swiss franc from one record to another
The Swiss franc fell below parity with the euro today. Thus, the decline of the common European currency in this exchange rate pair…
Dollar liquidity transaction offerings: stop in July
The world's major central banks, including the SNB, have agreed to cease supplying the U.S. currency with 84-day maturity.
Up to CHF 6 billion for Switzerland and the cantons from the National Bank
New profit distribution agreement (and doubled amounts for fiscal years 2020-2025...) between the Federal Department of Finance and the SNB