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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Swiss National Bank

Swiss National Bank stories: 4 news summaries

 Swiss Offer UBS $60B Bailout 

Troubled banking giant will get capital injection, offload bad debts

Oct 16, 08 6:46 AM CDT
(Newser) - Switzerland became the latest nation to shore up struggling banks, reports the Telegraph, as it bailed out UBS to the tune of $60 billion today. The Swiss central bank will offer UBS a capital injection of $6 billion in exchange for 9% of the company, and it will allow UBS ... More »

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Credit Suisse • Switzerland • UBS • mortgage backed securities • bailout • Swiss National Bank • financial crisis

UPDATED

 Central Banks 
 Throw $360B Lifeline 

Effects of worldwide effort on markets still unfolding

Sep 18, 08 4:34 AM CDT
(Newser) - The Fed has joined forces with central banks in Europe, Japan and Canada to pump more dollars into the global financial system in a bid to fend off economic catastrophe, Bloomberg reports. The funds—$180 billion from the Federal Reserve and nearly as much from the other banks—are being... More »

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Federal Reserve • central bank • European Central Bank • Bank of Japan • US dollar • Swiss National Bank • financial crisis

European
Banks Loosen Purse Strings

Inject billions into markets; offer more
to keep crisis at bay

Sep 15, 08 10:02 AM CDT
(Newser) - The weekend’s storm on Wall Street has prompted Europe’s central bankers to make billions of dollars available on the cheap to global money markets as a levee against a rising flood of fresh turmoil, the New York Times reports. The European Central Bank has pledged $43 billion and... More »

MORE ABOUT:
Merrill Lynch • Lehman Brothers • European Central Bank • Bank of England • Swiss National Bank • financial crisis

Fed Pours $200B Into Global Credit Relief Push

Central banks around the world try to ease liquidity problem

Mar 11, 08 10:15 AM CDT
(Newser) - The Fed will inject huge quantities of cash into financial markets as part of a coordinated global attack on the credit crisis, Ben Bernanke announced today. The central bank will loan out another $200 billion, this time on a 28-day basis rather than overnight, the AP reports. The effort will... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • US economy • European Central Bank • interest rate • liquidity • credit crisis • Bank of England • Royal Bank of Canada • Swiss National Bank • financial crisis

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