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Swiss Central Bank

All articles tagged with #swiss central bank

cryptocurrency1 year ago•2 min saved

Bitcoin Rebounds to $65K Despite Crypto Price Crash and ETF Demand Decline

Bitcoin slipped below $65,000 as the U.S. dollar strengthened due to the Swiss central bank's interest rate cut, but analysts believe the pullback is over and the cryptocurrency is targeting higher levels in the next uptrend phase. While Bitcoin declined, XRP, FIL, and ICP saw gains, and SOL and AVAX experienced losses. Analysts anticipate strong performance for altcoins and bitcoin miners in the upcoming uptrend, with BTC needing to hold the $65,000 level and break above $69,000 to reignite its rally.

via CoinDesk|

#altcoins #bitcoin #cryptocurrency

finance2 years ago•0 min saved

Swiss National Bank demands banking regulation overhaul following Credit Suisse crisis.

The Swiss central bank has called for an overhaul of banking regulations following the rescue of Credit Suisse. The bank's recent losses have highlighted the need for stricter rules on risk management and capital requirements. The central bank has also called for a review of the country's "too big to fail" policy, which aims to prevent the collapse of major banks.

via Financial Times|

#banking-regulations #credit-suisse #finance

finance2 years ago•3 min saved

Investor Skepticism Lingers Despite Credit Suisse's Lifeline

The Swiss Central Bank has provided Credit Suisse with a $53 billion lifeline after the bank suffered losses due to the collapse of Archegos Capital Management. However, investors remain skeptical about the bank's ability to recover and its risk management practices, leading to a drop in the bank's share price.

via CNN|

#bailout #credit-suisse #finance

finance2 years ago•2 min saved

Credit Suisse's Troubles Shake Global Markets and Crypto.

Credit Suisse shares resumed their decline on Friday, despite securing a $54 billion lifeline from the Swiss central bank earlier in the week. A ratings downgrade and a U.S. lawsuit offset some of the relief, and investor sentiment remains fragile. Credit Suisse saw more than $200 million net outflows from its U.S. and European managed funds after March 13. The ECB Supervisory Board convened an unscheduled meeting on Friday to discuss stress and vulnerabilities in the euro zone bank sector. Credit Suisse shares are down about 26% this week and poised for their biggest week drop since October 2008 and the global financial crisis.

via Reuters|

#credit-suisse #european-banking-stocks #finance