The central bank of Australia (RBA) has highlighted the beneficial impact of the weakening dollar on the domestic economic sectors. It said the currency’s slide is actually helping in the transition of Australian economy to move into a new phase from the mining boom, besides accelerating exports. 148 more words
Tags » Swiss Franc
One of the nice things about the multitude of lawsuits and settlements surrounding the concerted effort by Wall Street’s largest banks to manipulate the world’s most important benchmark rates is they’ve produced a… 185 more words
Most banks around the world couldn’t survive losing $50 billion in six months. But most banks don’t print their own money.
The Swiss National Bank, Switzerland’s central bank, … 170 more words
Unusually, Switzerland’s central bank has private shareholders and a listing on the stock exchange. Although it otherwise operates like a normal central bank, this is an important wrinkle. 299 more words