The Swiss central bank hiked its key interest rate Thursday and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil.
Swiss National Bank's Chairman of the Governing Board Thomas Jordan, background, arrives with Member of the Governing Board Andrea Maechler, to attend a Swiss National Bank press conference, in Zurich, Switzerland, Thursday, March 23, 2023.
Swiss National Bank's Chairman of the Governing Board Thomas Jordan, background, arrives with Member of the Governing Board Andrea Maechler, to attend a Swiss National Bank press conference, in Zurich, Switzerland, Thursday, March 23, 2023.
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