Dutch prime minister says many European countries would view Klaas Knot as an ideal candidate to lead the ECB.

SNB board member Tschudin said he expects moderate growth over the next few quarters and that stimulus could come from overseas.

Some local small banks are actively reducing stock of out-of-province deposits, cutting them on a quarterly basis while shifting funding toward in-province customers, a private-bank insider said. Regulators in July instructed some local commercial and private banks on local-customer determination: of five elements — ID address, habitual residence, primary business location, mobile-number registration location and device-location data — at least three must match to qualify as a local client. The guidance bars banks from taking on new non-local business; existing non-local business must be fully wound down by end-2027 and may not be extended via rollovers or restructurings. Regulators said the requirement covers deposits as well as loans and expects natural runoff, allowing a transition period rather than an immediate blanket cut-off.