Swiss National Bank (SNB)
Swiss step in to save biggest bank
The Swiss National Bank on Thursday agreed to buy up to $54 billion in troubled assets from UBS, after the country's government moved to re-capitalise the beleaguered bank.
Trichet: joint action sets precedent
Monday's decision to provide broad access to liquidity and unlimited dollar funding marked a "world premiere" in exceptionally-confident cooperation between central banks, Jean-Claude Trichet, the president of the European Central Bank (ECB), has noted.
SNB's Hildebrand and Italy's Saccomanni on crisis
The crisis has shown central bankers and regulators rightly predicted that highly-leveraged institutions presented a threat to stability. But officials' attentions were directed at the wrong type of institution, admitted Philipp Hildebrand, a governor of…
Global central banks cut as system teeters
Six central banks have taken the unprecedented step of cutting rates by half a point in unison in an attempt to avert a global financial-market meltdown.
Central banks pledge more dollars
Central banks around the world unveiled a fresh round of dollar auctions on Tuesday, aimed at tiding the banking system over the year-end period when money-market tensions tend to heighten.
Central banks act as busts prompt panic
Central banks pledged to inject an additional $330 billion in dollar funds on Monday after interbank markets froze following a wave of bank failures.
Central banks pledge 7-day funds as plan stalls
Central banks in major financial markets have offered week-long loans in a bid to abate money-market tensions that have further heightened as talks on the US Treasury's plan to buy troubled assets have stalled.
A mix of the old and new for central banks
While leading central banks around the world on Monday took similar steps to those seen in recent months to inject liquidity into fear-ridden money markets, the American authorities' response to the latest shocks signals a distinct shift in policy.
Switzerland won't escape slowdown: Jordan
Thomas Jordan, a member of the Swiss National Bank's governing board, believes the global economic decline is likely to reach Switzerland, albeit with a lag.
SNB's Roth heralds new phase of crisis
Jean-Pierre Roth, the chairman of the Swiss National Bank, has said that signs of a downturn in the real economy mark the beginning of a new phase of the global turmoil.
Swiss monetary framework a model of distinction
The Swiss National Bank's unique monetary policy model has allowed the real economy to escape the worst of the financial turmoil, says the International Monetary Fund (IMF).
Swiss regulator heeds calls for tougher rules
The Swiss Federal Banking Commission, the industry regulatory, has written to the country's two biggest banks to outline plans to enforce more stringent capital requirements.
Interbank tensions remain: SNB's Jordan
Money markets are still exhibiting signs of stress despite clear signs of a return to calm, Thomas Jordan, a member of the Swiss National Bank's governing board, noted.
SNB wants big banks to hold more capital
The Swiss National Bank has urged the country's regulator to impose more stringent capital requirements on UBS and Credit Suisse, the two biggest banks in Switzerland.
SNB opts to hold rates
The Swiss National Bank left its target range unchanged on Thursday, arguing that the global economic slowdown would dampen inflationary pressures in the medium term.
Swiss housing market stable, says SNB's Roth
The Swiss housing market is unlikely to perform as badly as its US counterpart in the coming months, Jean-Pierre Roth, the chairman of the Swiss National Bank's governing board, believes.
Swiss inflation soars to 15-year high
Inflation in Switzerland shot up to 2.9% in the year to May, its highest level since 1993, data published on Tuesday revealed.
Reserve management and the credit crisis
Thomas J. Jordan identifies challenges and lessons from the current market turmoil to reserve managers.
Central banks announce third wave of joint action
In a clear message that the credit crisis is far from over, three leading central banks announced a further series of liquidity injections in a bid to restore money market spreads to normal levels.
SNB blames Q1 loss on FX markets
The appreciation of the Swiss franc has led the country's central bank to incur a Sfr3.97 billion ($3.76 billion) loss in the first quarter of 2008.
Jordan on the Swiss outlook
The outlook for Switzerland's economy remains good, stated Thomas Jordan, a member of the governing board of the Swiss National Bank.
Monetary tools limited - SNB's Jordan
There is no magic bullet with which central banks can restore lost confidence among market participants, said Thomas Jordan, a member of the governing board of the Swiss National Bank.
Credit crunch – phase two
The credit crisis that started in August last year has moved into a destabilising second phase, with equity markets and the real economy looking increasingly shaky. This section analyses central banks’ response to the long-running crisis
News analysis: Forced into action
Claire Jones, the editor of Central Bank News, analyses how uncertainty threatened to cripple the interbank market and called for a unique response from the central banks