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Franc News

12 Dec 2016

11 arrested over links with Nice terror attack

French police on Monday arrested 11 persons suspected of being involved in a truck attack in which 86 people were killed in southern city of Nice last July, local radio reported.

Swiss central bank

31 Jul 2015

Swiss central bank books record loss of 50 billion francs

The decision to scrap the limit sent the franc -- a refuge currency -- soaring in value against major currencies and unleashed turbulence on global markets.

Swiss central bank

30 Apr 2015

Swiss central bank posts massive loss on soaring franc

The Swiss central bank said Thursday it had posted loss of 30 billion francs in the first quarter due to a jump in the franc`s value which led to huge exchange rate-related losses.

Swiss central bank

25 Feb 2015

Swiss central bank under scrutiny after franc shock

Six weeks after a fateful decision that blasted its currency skywards, Switzerland`s central bank is coming under intense scrutiny, with critics calling for changes to its insular policy practices and century-old ownership structure.

17 Jan 2015

Swiss central bank defends franc move despite turbulence

Switzerland`s central bank on Saturday stood by its shock decision to let the franc soar, insisting the subsequent turbulence rocking global markets and the Swiss economy since the move would eventually subside.

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