Swiss banks' profit rises; staff count down

Last Updated: Thursday, June 18, 2015, 16:34

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

Swiss banks' profit rises; staff count down

Last Updated: Thursday, June 18, 2015, 16:34

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

SNB says spent $27 billion to defend franc before dropping peg

Last Updated: Thursday, March 26, 2015, 14:12

The Swiss National Bank (SNB) spent 25.8 billion Swiss francs ($26.91 billion) defending the currency late last year before abandoning its peg as too costly for the country`s economy, it said on Thursday.