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Swiss National Bank Chairman welcomes new Credit Suisse strategy
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Bern (Reuters) – The Swiss National Bank has welcomed Credit Suisse’s new strategy with Chairman Thomas Jordan saying the overhaul reduced risks for the Swiss financial system.
Bern (Reuters) – The Swiss National Bank has welcomed Credit Suisse’s new strategy with Chairman Thomas Jordan saying the overhaul reduced risks for the Swiss financial system.
The successful execution of the embattled lender’s capital raising was also an “important milestone,” Jordan told reporters after the central bank’s latest interest rates decision.
(Reporting by John Revill, editing by Mike Shields)
The Swiss National Bank (SNB) is the central bank of Switzerland, responsible for the country's monetary policy and ensuring financial stability.
A financial system is a collection of institutions, markets, instruments, and regulations that facilitate the flow of funds and allocation of resources in an economy.
Capital raising refers to the process of obtaining funds to finance business operations, investments, or growth, often through equity or debt instruments.
Monetary policy involves the actions of a central bank to control the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation and stabilizing currency.
Financial stability refers to a condition where the financial system operates effectively, with institutions able to manage risks and absorb shocks without significant disruptions.
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