SNB Raises Required Reserves for Banks to Reduce Payouts

Bloomberg04-22

(Bloomberg) -- The Swiss National Bank has raised the reserve requirement for domestic banks, in a move designed to reduce how much it has to pay out to lenders including UBS Group AG. Most Read from...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429948998?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Pq3pr9a.LpaYiI7maNkCjA--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/8411e718341d6249eea98298e8015d1f","is_english":true,"pubTime":"2024-04-22 15:49","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2429948998","market":"us","top_or_hot":-1,"title":"SNB Raises Required Reserves for Banks to Reduce Payouts","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- The Swiss National Bank has raised the reserve requirement for domestic banks, in a move designed to reduce how much it has to pay out to lenders including UBS Group AG. \nMost Read from...</p>\n\n<a href=\"https://finance.yahoo.com/news/snb-raises-required-reserves-banks-074912585.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SNB Raises Required Reserves for Banks to Reduce Payouts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSNB Raises Required Reserves for Banks to Reduce Payouts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 15:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/snb-raises-required-reserves-banks-074912585.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The Swiss National Bank has raised the reserve requirement for domestic banks, in a move designed to reduce how much it has to pay out to lenders including UBS Group AG. \nMost Read from...</p>\n\n<a href=\"https://finance.yahoo.com/news/snb-raises-required-reserves-banks-074912585.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/snb-raises-required-reserves-banks-074912585.html","article_id":"2429948998","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Pq3pr9a.LpaYiI7maNkCjA--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/8411e718341d6249eea98298e8015d1f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429948998","pubTimestamp":1713772152,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- The Swiss National Bank has raised the reserve requirement for domestic banks, in a move designed to reduce how much it has to pay out to lenders including UBS Group AG.TikTok to Remove Executive Tasked With Fending Off US Claims. Trump Has Only $6.8 Million for Legal Fees With Trial Underway. China Is Front and Center of Gold’s Record-Breaking Rally. Tesla Spends Weekend Cutting Prices of Cars and FSD Software. The Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative. As part of the change, which takes effect from July 1, the central bank is increasing the minimum reserve ratio to 4% from 2.5%, it said in a statement. Most Swiss banks probably already meet that requirement, but the change effectively means the SNB will have lower outlays to banks from interest expenses on their deposits.The SNB is taking a step the European Central Bank avoided when it reviewed its operational framework over the past months. The Frankfurt-based institution kept i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4504":"桥水持仓","BK4559":"巴菲特持仓","USB":"美国合众银行","BK4534":"瑞士信贷持仓","IE0034235071.USD":"PINEBRIDGE EUROPE RESEARCH ENHANCED EQUITY \"A\" (USD) ACC","BK4207":"综合性银行","BK4118":"综合性资本市场","UBS":"瑞银","BK4585":"ETF&股票定投概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC"},"translate_title":"SNB提高银行法定准备金以减少支出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBS":0.9,"USB":0.9},"content_text":"(Bloomberg) -- The Swiss National Bank has raised the reserve requirement for domestic banks, in a move designed to reduce how much it has to pay out to lenders including UBS Group AG. \nMost Read from Bloomberg\n\nTikTok to Remove Executive Tasked With Fending Off US Claims\nTrump Has Only $6.8 Million for Legal Fees With Trial Underway\nChina Is Front and Center of Gold’s Record-Breaking Rally\nTesla Spends Weekend Cutting Prices of Cars and FSD Software\nThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative\n\nAs part of the change, which takes effect from July 1, the central bank is increasing the minimum reserve ratio to 4% from 2.5%, it said in a statement. Most Swiss banks probably already meet that requirement, but the change effectively means the SNB will have lower outlays to banks from interest expenses on their deposits. \nFor UBS, it’s the second regulatory setback in Switzerland this month. New rules proposed by the government could end up driving up the lender’s capital requirements by as much as $25 billion, Finance Minister Karin Keller-Sutter has indicated. \nUBS’s shares dropped as much as 1.99% on Monday and were trading 1.44% lower at 9:47 a.m. in Zurich. \nThe Swiss central bank already last year cut the amount of money commercial lenders can get by parking funds at the central bank and Monday’s announcement will reduce this further, though the SNB declined to provide a number. SNB President Thomas Jordan in November had flagged that revising the requirement was under consideration.\n“These adjustments will ensure that implementation of the SNB’s monetary policy remains effective and efficient,” it said in the statement on Monday. “The amendments will not affect the current monetary policy stance.”\nThe SNB is taking a step the European Central Bank avoided when it reviewed its operational framework over the past months. The Frankfurt-based institution kept its reserve requirements unchanged at 1%, after a long debate that saw hawks like Austria’s Robert Holzmann argue in favor of an increase to as high as 10%.\nThe ECB recorded its first loss in two decades last year following an unprecedented ramp-up in borrowing costs to tackle inflation. Similarly, the SNB reported losses in 2022 and 2023.\n--With assistance from Jana Randow.\n(Updates with UBS context and share in third and fourth paragraph)\nMost Read from Bloomberg Businessweek\n\nChina’s Bubble Tea Boom Creates a Half-Dozen Billionaires\nWhat Really Happens When You Trade In an iPhone at the Apple Store\nRents Are the Fed’s ‘Biggest Stumbling Block’ in Taming US Inflation\nHow a Massive Hack of Psychotherapy Records Revealed a Nation’s Secrets\nThe Pentagon Wants to Give Defense Startups a Chance \n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429948998"}