Swiss National Bank said Thursday that it is trimming its key interest rate, a surprise move that makes Switzerland the first major financial center to announce a cut in recent months.
Swiss central bank makes a surprise cut to its key interest rate as others hold steady
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The company said it has about $2.2 billion of liquidity after ending last year with $209 billion in assets.
Economists warn that nearly 200 banks are at risk of runs, failure
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