UBS and Credit Suisse, will likely each need to raise an extra 10 billion Swiss francs in capital to meet new leverage requirements, says SNB.
Gold rose for the fourth straight session and hit its highest since mid-May on Monday, driven by rising investor risk aversion.
One veteran strategist told CNBC that central banks’ adoption of negative rates was “meaningless” for the foreign exchange markets.
Salman Ahmed, chief strategist at Lombard Odier IM, says the Swiss National Bank has room not to make any changes to its negative interest rates.
There are several ways that negative interest rate policy can have a positive effect on the economy, says Economist Paul Diggle.
Bank of Canada, Bank of Israel, Bank of England… CNBC takes a look at the central banks other than the Fed that may opt for negative interest rates.
James Watson, MD for UK and Europe at ADS Securities, discusses the impact of last year's decision by the Swiss Nation Bank to remove the Swiss franc's peg with the euro.
Thomas Jordan, governor of the Swiss National Bank, says negative inflation is not optimal but is part of the adjustment process as oil prices fall and the Swiss franc gains strength.
Swiss National Bank chairman, Thomas Jordan, discusses the outlook for Switzerland and whether he’s worried about a deflationary spiral.
Swiss National Bank chairman, Thomas Jordan, explains why the central bank kept interest rates on hold.
Gianluca Salford, senior European fixed income strategist for JP Morgan, discusses Switzerland and the Swiss National Bank's decision to maintain record-low interest rates.
Aoifinn Devitt, founder and principal at Clontarf Capital, says hedge funds have gradually moved away from currency speculation.
Zeno Staub, CEO of Vontobel, expects a lot of consolidation in the industry in the near term. He states that his bank will remain independent, but did not rule out making acquisitions in the future.
Thomas Jordan, chairman of the Swiss National Bank (SNB), discusses today's rate decision, telling CNBC that the country's inflation and economic outlook remains unchanged.
Thomas Jordan, chairman of the Swiss National Bank, explains why discontinuing the minimum exchange rate was the right decision.
Amid a sharp selloff in the bond market, players in Europe's low-yielding papers have gotten their fingers burned, big time.
Bond markets have sold off globally, but there's an odd duck standout: the negative-yielding, Swiss-franc-denominated bond recently sold by Poland.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
Rebounding from steep losses in the previous session on a cautious Fed statement on interest rates, the dollar rose broadly.