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Archive for Thu, 16 Jun 2011

Bank holds interest rate and growth forecast

The Swiss central bank kept its key interest rate and 2011 growth forecast unchanged on Thursday, but warned that "downside risks predominate."

Tough new rules for big Swiss banks

Swiss legislators have moved to drastically toughen capital requirements on big banks Credit Suisse and UBS amid concerns their failure in a crisis could drag down the Alpine country's economy.

Cross-border car thief nailed for customs fee


A Polish man who stole a luxury car in Switzerland and was arrested in Germany was handed a hefty customs fine. 


Swiss to crack down on speeding drivers


A Swiss organisation has collected enough signatures to force a vote to crack down on speeding drivers.