SNB Invervention Threats Gather Steam as Franc Target Rate is Floated

The Swiss Franc continued its rapid deterioration as reports emerged that the Swiss National Bank was preparing to set a temporary target exchange rate against the Euro.

Swiss Franc Slides Amid Speculation of Target-Setting; Yen Falls

The Swiss franc and yen weakened against most of their major counterparts amid speculation policy makers in Switzerland and Japan will take further action to stem gains in their currencies.

European Stocks, U.S. Futures Advance as Swiss Franc Weakens

European stocks gained, extending the Stoxx Europe 600 Index’s rebound from a two-year low, as some of the region’s nations banned short-sales in an effort to stabilize markets reeling from the government-debt crisis. U.S. equity futures rose and t…

Swiss Franc Weakens as SNB Sees Possible Peg to Euro

The franc weakened after Swiss Central Bank Vice President Thomas Jordan said a temporary franc peg is within the range of options that policy makers could use to stem the currency’s record-breaking rally.

SNB Steps Up Franc Fight to Counter ‘Massive Overvaluation’

The Swiss central bank stepped up its fight to counter what it called a “massive overvaluation” of the currency by boosting liquidity. The franc dropped.

Franc Falls as Hildebrand Calls Strength ‘Absurd;’ Yen Rebounds

Switzerland’s franc weakened, falling from a record against the euro, after Swiss National Bank President Philipp Hildebrand said the central bank won’t exclude any measures to curb the currency’s advance.

SNB chief prepared to act if franc rises further: report

ZURICH, Aug 5 – Swiss National Bank Chief (SNB) Philipp Hildebrand will not put up with further appreciation in the franc without acting, a Swiss newspaper has reported him as saying.

SNB Unexpectedly Cuts Rate to Curb ‘Overvalued’ Swiss Franc

The Swiss central bank unexpectedly cut interest rates and said it will increase the supply of francs to money markets to curb the “massively overvalued” currency. The franc dropped from a record.

Record Franc Competitive, Deutsche Bank’s Ruskin Says: Tom Keene

The Swiss franc, the best-performing major currency in the past year, is competitive even after setting records against the euro, according to Deutsche Bank AG’s Alan Ruskin.

SNB Keeps Rates on Hold as Hildebrand Signals Franc Concern

The Swiss central bank today left its benchmark interest rate near zero as President Philipp Hildebrand said that policy makers are “concerned” about the franc’s surge.

Swiss Franc, Yen Rise as Libya Concern Spurs Demand for Safety

The Swiss franc climbed to a record against the dollar and the yen strengthened to an almost three- week high as the uprising in Libya drove oil to a 29-month high, spurring demand for the safest assets.

UBS, Credit Suisse may need more capital: report

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Global Banking regulation may curb economic recovery and stun growth.
ZURICH (Reuters) – UBS and Credit Suisse must hold over 20 billion Swiss francs ($19.6 billion) more in capital as a consequence of new international standards, th…

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