#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss francs ($3.3 billion). While the terms #impose heavy losses on shareholders—with the 

#battered stock losing a further two-thirds #overnight — investors like the Saudi National Ban

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#Swiss francs ($3.3 billion). While the terms #impose heavy losses on shareholders—with the 

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

The swap line network, which involves the #Bank of #Canada, Bank of #England, Bank of #Japan, #European #Central Bank and the #Swiss International Bank, commenced on March 20 and is set to run until at least April 30.

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#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

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#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

Under the agreement, the #Swiss #National #Bank has committed to providing #UBS with over $100 billion in liquidity.

However, a similar failure for #Deutsche #Bank or other #European banks is unlikely to happen, according to Ilya Volkov, #CEO of the #Swiss fintech platform YouHodler. In a comment to Cointelegraph, Volkov said: 

However, a similar failure for #Deutsche #Bank or other #European banks is unlikely to happen, according to Ilya Volkov, #CEO of the #Swiss fintech platform YouHodler. In a comment to Cointelegraph, Volkov said: 

Under the agreement, the #Swiss #National #Bank has committed to providing #UBS with over $100 billion in liquidity.

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss Open: #PV Sindhu, HS Prannoy enter pre-quarterfinals

#Swiss National #Bank hikes key rate by 50bps to 1.5%, says more may be needed

#Swiss Open: #PV Sindhu, HS Prannoy enter pre-quarterfinals

#European bank stocks, in particular, extended the recovery they had started on Monday after regulators clearly stated that they would not copy the #Swiss approach of imposing losses on additional Tier-1 capital before shareholders. 

The #Swiss move – while legal – was seen as violating the spirit of the Basel III #banking reforms and ensured that bondholders were more inclined to support legal challenges to the deal on other grounds.

The #Swiss #government had hastily written new legislation to avoid having either #bank's shareholders veto a deal that it saw as vital to national interests.

#European bank stocks, in particular, extended the recovery they had started on Monday after regulators clearly stated that they would not copy the #Swiss approach of imposing losses on additional Tier-1