BNET Industries
Market Cap:$3.3M
Last Fiscal Year Sales:$10.6B
- Public
- CH
Dow Jones Description
International Banking Services
Number of Employees 671
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Will forex intervention by the Swiss National Bank continue?
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Bernanke Speech At Jackson Hole 'Reflections on a Year of Crisis'
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UPDATE 8-Swiss to reveal some UBS accounts, others banks eyed
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SNB's chief economist retires at the end of 2009
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TOPWRAP 5-Japan wallows in deflation, Germany stays positive
News & Analysis
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swiss national bank - All News and Analysis
Swiss stun markets with deflation steps
Business News In Brief CENTRAL BANKS The Swiss National Bank announced drastic steps to fight deflation yesterday as it forecast a deep recession and surprised markets with intervention to weaken the Swiss franc, as well as an interest rate cut. The SNBs measures go far beyond what...
UBS suffers worst loss in Swiss history
* Bank cuts 2,200 more jobs in attempt to return to profit UBS revealed the devastating effect of the credit crunch yesterday as full-year losses hit Sfr19.7bn (11bn) in 2008, the largest in Swiss corporate history. The bank, whose services include managing wealthy clients' assets...
Storm threatens Swiss safe haven; Switzerland's reputation as a safe haven during financial and economic storms is facing a challenge due to the global financial crisis. More than a year after the meltdown in subprime lending triggered a crunch in worldwi
[ILLUSTRATION OMITTED] At the top of Zurich's posh Bahnhofstrasse shopping district, close to the main train station, is a UBS bank branch. Its windows display the current stock prices of Switzerland's blue chip companies, plus prices of stock market indices from around the world. For many years, those walking...
SNB cuts key interest rate
In an effort to jumpstart economic activity, the Swiss National Bank joined forces with leading central banks from around the world and dropped its key interest rate. On October 8, the SNB cut its target rate to 2.5 per cent, from 2.75 per cent, by reducing its target range...
ECB launches first euro-Swiss franc swap operation
FRANKFURT AFP — The European Central Bank launched on Monday its first ever one-week swap of Swiss francs for euros in a bid to increase flows of the Swiss currency among eurozone commercial banks. Banks requested less than the 20 billion euros (27 billion dollars) worth of francs on...
The Swiss National Bank: 1907-2007
The Swiss National Bank: 1907-2007 Werner Abegg, Ernst Baltensperger, et al., contributors Zurich: Neue Zurcher Zeitung Publishing, 2007, 823 pp. (Also in shorter French, German, and Italian editions.) The Swiss franc is the world's best-performing currency over the last century: it has lost only about 87 percent...
Euro 2008 fails to boost sales
[ILLUSTRATION OMITTED] Swiss retail sales growth slowed in June despite the Euro 2008 football championship, according to August data. The Swiss National Bank is now expected to lower interest rates in order to spark growth. Retail sales grew 0.7 per cent year-on-year when adjusted for price swings--down from...
The sub-prime quagmire: what in the world is happening to the big Swiss banks? At UBS and Credit Suisse, the past few months have been marked by red faces, huge writedowns and job losses. Swiss News takes a closer look
[ILLUSTRATION OMITTED] Switzerland's two largest banks, UBS and Credit Suisse, have both suffered heavily from the fallout of the sub-prime mortgage crisis in the United States. UBS came away with more than burnt fingers; it wrote off more than SFr 38 billion, announced thousands of job cuts worldwide and...
Swiss central bank hikes inflation forecasts, leaves rates on hold
GENEVA AFP — Switzerland's central bank on Thursday kept its key interest rates unchanged but raised its 2008 inflation forecast sharply to 2.7 percent from 2.0 percent due to soaring energy prices. The Swiss National Bank SNB also warned there were "considerable risks" attached to the forecast and higher...
Partners in trade: despite a defiant refusal to join the EU, Switzerland is nevertheless irrefutably dependant on the greater European economy, the source of a third of Swiss revenues. Were something to go awry in the carefully maintained relationship wit
The European Union is by far Switzerland's biggest trading partner--a market of 450 million people buying about 60 per cent of our exports and providing 85 per cent of our imports. Europe also makes direct capital investments of about SFr 110 billion here. Currently these lucrative trade relations are...
| Volume | 0 |
| Shares Outstanding | 659.0K |
| Market Cap | 3.3M |
| Year High | 13.00 |
| Year Low | 3.00 |
| Earnings Per Share | 0.44 |
| P/E Ratio | 11.40 |
| Dividend | 0.00 |
| Yield | 0.00 |
Industry Transcripts by Seeking Alpha
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