Despite the relative calm, the cost of hedging against sharp swings in the euro against the dollar over the next week, which covers the period of Greece’s referendum, jumped to its highest in over five years

The euro proved broadly resilient on Monday to Greece’s moving one step closer to an exit from the single currency, helped by intervention by the Swis(...)

A protester at an anti European Union (EU) demonstration outside the Greek parliament at Syntagma square in Athens. Photograph: Simon Dawson/Bloomberg

European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock(...)

The national gradh – or weakness – for politics cannot be denied. There we were, hundreds of us, pressed into doorways, tucked away behind corners, hu(...)

Brady Dougan is set to be succeeded as  chief executive of Credit Suisse by  Tidjane Thiam. Photograph: Jerome Favre/Bloomberg

Credit Suisse’s first-quarter net profit rose 23 per cent, exceeding analysts’ expectations, after market volatility boosted securities trading and on(...)

In 2007, HSBC, the Swiss private bank had 30,412 accounts. At the end of 2014 it had reduced that number to 10,343.
HSBC statement in full

HSBC’s Swiss Private Bank Progress update - January 2015 HSBC Global Private Banking (GPB) and in particular its Swiss private bank have undergone (...)

Greek newly appointed finance minister Yanis Varoufakis  during a press conference after a meeting at the French Ministry of Economy and Finance of Becy in Paris, France on Sunday. Ahead of Monday’s announcement, there had  been speculation that the new government would bring in new management at some of the banks. (Photograph: ETIENNE LAURENT/EPA)

Greece’s new left-wing government will not take any actions that would hurt the share values of the country’s banks and does not plan to appoint party(...)

Danske, Denmark’s biggest bank, says it’s been inundated by calls from offshore investors and several hedge funds seeking advice on how to profit from the latest developments in currency markets.

Denmark is trying to silence currency speculators as the government and central bank insist the Nordic country won’t follow Switzerland in severing i(...)

Swiss finance minister Eveline Widmer-Schlumpf: said she expected the Swiss franc’s exchange rate to settle down at about 1.10 per euro. Photograph: Thomas Hodel/Reuters

Swiss officials sought to reassure the country yesterday that a shock decision by the central bank to scrap its cap on the franc would not destabil(...)

Euro bank notes and Swiss franc notes. The shockwaves from Switzerland’s decision to scrap its currency ceiling against the euro continue to reverberate

Foreign exchange brokers across the world reported escalating losses yesterday as the shockwaves from Switzerland’s decision to scrap its currency cei(...)

Investors took the ditching of the franc’s cap against the euro as a sign the Swiss National Bank was anticipating the imminent launch of a significant European Central Bank bond purchase programme

Shockwaves from Switzerland’s move to ditch its currency cap were still being felt on Friday, as investors made a fresh grab for top-rated government (...)