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Swiss National Bank

Swiss National Bank: Well Played!

Janet Tavakoli | Posted 03.18.2015 | Business
Janet Tavakoli

The market reaction was brutal, punishing the Euro and every foreign exchange and options trader on the wrong side of this trade. Some forex trading firms will go under. Foreign exchange trading desks within banks are, of course, part of ongoing unwilling taxpayer largesse.

Ben Walsh

Where Scotch Costs $41 A Glass, And Everyone Can Afford It | Ben Walsh | Posted 01.20.2015 | Business

A glass of Johnnie Walker Blue is up $6 to $41 at the Belvedere Hotel in Davos, where many delegates stay and everyone wants to stay. The thing about Davos, though, is that it was already incredibly expensive.

Protestors Vandalize Swiss National Bank Ahead Of Davos

Reuters | Posted 03.19.2012 | Business

(Adds detail on attendees in paragraphs 6-7) ZURICH, Jan 18 (Reuters) - Swiss police said on Wednesday they had arrested two men suspe...

Swiss National Bank Head Resigns In Wake Of Public Uproar

AP | JOHN HEILPRIN | Posted 03.10.2012 | Business

GENEVA (AP) — Swiss National Bank chief Philipp Hildebrand resigned Monday, acknowledging he could not prove his innocence amid a public uproar over...

Swiss Central Bank Chief To Break Silence Over Insider Deals

AP | FRANK JORDANS | Posted 03.06.2012 | Business

ZURICH — The Swiss National Bank chief denied any wrongdoing Thursday and said he had no plans to resign over private currency deals that produc...

Report: Swiss Central Bank Chief Head Personally Profited From Dollar Trades

AP | FRANK JORDANS | Posted 03.05.2012 | Business

GENEVA — After days of stonewalling, the Swiss National Bank gave in Wednesday to demands it shed light on currency trades from its chief's pers...

Big Swiss Bank To Give Up Spot In Investment Banking's Top Ten

Posted 12.23.2011 | Business

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, ...

Tim Geithner's Gamble

Project Syndicate | Simon Johnson | Posted 05.25.2011 | Business

LOS ANGELES -- In a recent interview, United States Treasury Secretary Tim Geithner laid out his view of the nature of world economic growth and the r...

AIG Autopsy: Eliot Spitzer Calls For Investigation Like Swiss UBS

Huffington Post | Adam J. Rose | Posted 05.25.2011 | Business

Inquiring minds want to know ... where's the inquiry? Three prominent former prosecutors are calling for the government to make AIG release interna...

Fed's Loan Rescue Sparks Big Stock Rally

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 bill...