Bank Withdrawal Limits and Exit Fees Under Consideration by Financial Authorities in Switzerland, According to Contentious New Report webfi

Read in 4.5 mintues

The Swiss National Bank and the Swiss Finance Ministry are considering new measures that would make it more difficult for wealthy people to move money out of their bank, according to an explosive and contentious new report.

The discussions are focused on finding new measures that could prevent bank runs after the collapse of Credit Suisse earlier this year, reports Reuters.

Sources “familiar with the matter” say the group is exploring potential limits and fees on bank withdrawals for wealthy clients.

“Among the measures being discussed is the option to stagger a greater portion of withdrawals over longer periods of time, one of the sources said.

Imposing fees on exits is also an alternative being discussed, two of the sources said.”

The group is also debating whether to offer higher interest rates to customers who lock up their savings for the long run.

The Finance Ministry initially initially told Reuters that the discussions are part of a broad inquiry on the country’s financial regulatory framework, and a report will be released next year.

And after the news article was released, the Ministry quickly responded, with Finance Minister Karin Keller-Sutter telling Bloomberg that staggered withdrawals are not on the table.

The failure of Credit Suisse happened back in March, right after the failures of Silicon Valley Bank and Signature Bank in the US.

A loss of confidence in the scandal-ridden bank, which was the second-largest Swiss bank at the time, triggered the sudden collapse.

The Swiss National Bank initially injected $185 billion in emergency liquidity into the bank before it was sold to UBS for just $3.3 billion.

WEBFI Hosting Service for lifetime - Onetime Donation - LifeTime Hosting Service for a lifetime - Onetime Donation - Lifetime License Are you the owner of your domain? With your Donation to WEBFI.NET, you get a space on our servers under the WordPress format, with unlimited disk space, unlimited bandwidth, premium access to premium themes galleries and Premium WordPress Plugins, and unlimited HTTPS WildCard protocol. Immediate activation 24 hours after your donation is confirmed. Lifetime license - One-Time Donation. Donations are processed by PayPal and PayPal Guest so you don't need a PayPal account, you can safely use debit, credit, or gift cards. The concept is simple and runs in as little as 24 hours *ONETIME Donation *WordPress-PRO Platform. *Unlimited Disk Space*Unlimited Bandwidth *SSL Wildcard Certificate *99.5% UPTIME *WordPress Premium PRO All Access Platform, Themes, and Plugins *24Hrs activation time from any phone or computer via www.1877.link or @ctmmagazine DM 0r in our customer service board WEBFI is aimed at anyone who seeks to be informed and entertained or wants to publish their opinions and news in real time. This is an Open and Public website, your opinions and post can be seen at the front on the home page and directories. webfinet website ownership license for lifetime With your Donation to WEBFI.NET, you get a space on our servers under the WordPress format, with unlimited disk space, unlimited bandwidth, premium access to premium themes galleries and Premium WordPress Plugins, and unlimited HTTPS WildCard protocol. Immediate activation 24 hours after your donation is confirmed. Lifetime license - One-Time Donation. Donations are processed by PayPal and PayPal Guest so you don't need a PayPal account, you can safely use debit, credit, or gift cards. The concept is simple and runs in as little as 24 hours *ONETIME Donation *WordPress-PRO Platform. *Unlimited Disk Space*Unlimited Bandwidth *SSL Wildcard Certificate *99.5% UPTIME *WordPress Premium PRO All Access Platform, Themes, and Plugins *24Hrs activation time from any phone or computer via www.1877.link  or @ctmmagazine DM 0r in our customer service board Get your own space to host your website for a single donation that allows you to host your project for life without the need for recurring payments, you only pay for your domain annuities to your domain provider and that's it!
LIVE

Send Us a Coffee

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

WEBFI – WEBFI Unstoppable Private Websites – Ownership for lifetime. Live News Magazine Own a private website for life with WEBFI NET. Our private servers offer the best in security and performance, and our lifetime license means you'll never have to worry about renewing your hosting again. Plus, get unlimited access to our Live News Online Magazine, which features a brief look at national & global news from all points of view, plus entertainment, live weather radar, and streaming. No registration or download is required. Available in English and Spanish. WEBFINET Private Servers since 2018 Web Hosting lifetime license info via TEXT-WhatsApp. Former Ctm Magazine 2009 X-@ctmmagazine

🏠 HD | Tech | Live🟢 | ToDay🌞 | Magazine | News | Crypto | Weather | 🇪🇸 | 🍿 | TermsPrivacy |

 

News Balance🇺🇲

The WEBFI algorithm actively curates and presents current news from the Internet, delivering it in both written and video formats on our platform. Unlike many other news sources, WEBFI Network - News Balance Security is committed to a user-friendly experience. We refrain from displaying advertising within our content, avoid any redirects to external sites, and meticulously filter out any graphic content deemed unsafe, sensitive, or private. Our primary goal is to provide visitors with a distraction-free and secure environment, ensuring they receive the news they seek.

Importantly, WEBFI Network does not collect any personal information from our visitors, and we do not engage in newsletter subscriptions. We take pride in remaining entirely advertiser-free, thanks to the support of our contributors and our dedicated hosting service partners. It's crucial to note that the opinions and content presented on our platform do not necessarily align with WEBFI NETWORK's opinion, philosophy, or vision. We strongly uphold the principle of freedom of speech, welcoming a diverse range of perspectives and ideas.


🌐 Discover News Balance 🇺🇲 - Your Round-the-Clock Source for Unbiased News!

Experience a continuous stream of comprehensive, unbiased news coverage 24/7/365 with News Balance 🇺🇲. Our carefully curated playlist ⏯ delivers a harmonious blend of national and global politics, cutting-edge tech updates, weather forecasts, noteworthy events, and captivating entertainment news.

The best part? No subscriptions, registrations, or downloads required. Enjoy an ad-free news experience with News Balance 🇺🇲.

WEBFI Unstoppable Websites

 Since 2018

"Introducing Unstoppable Private WebFi Websites – Your Forever Digital Haven.

Experience a lifetime of ownership with WebFi – where your digital presence is a lifelong investment. Embark on your journey to own a private website for life.

Our private servers set the gold standard in security and performance, ensuring your website stays in top form. With our lifetime license, the days of fretting about hosting renewals are behind you.

Unlock your very own WebFi space granting you a perpetual haven for your projects, free from the burden of recurring payments. Your sole financial commitment? Domain annuities to your domain provider – nothing more!

Choose WebFi and own your digital future, secure, simple, and everlasting."LEARN MORE


WEBFI |🟢LIVE | TECH  | MAGAZINE | NEWS | CRYPTO&MARKET | LATINO|⛅WEATHER | HURRICANE WATCH RADAR WATCH

X

WEBFI – WEBFI Unstoppable Private Websites – Ownership for lifetime. Live News Magazine Own a private website for life with WEBFI NET. Our private servers offer the best in security and performance, and our lifetime license means you'll never have to worry about renewing your hosting again. Plus, get unlimited access to our Live News Online Magazine, which features a brief look at national & global news from all points of view, plus entertainment, live weather radar, and streaming. No registration or download is required. Available in English and Spanish. WEBFINET Private Servers since 2018 Web Hosting lifetime license info via TEXT-WhatsApp. Former Ctm Magazine 2009 X-@ctmmagazine
Contact us

WEBFI MORE

WEBFI