Tuesday, January 09, 2024

Swiss National Bank Rules Out profit distribution After Losing $3.5 Billion Last Year

No profit distribution for the Swiss government! This is the second year in a row of losses!

If I am not totally mistaken, the Swiss and the German central bank in the past several decades used to be some of the very few Western central banks that fairly consistently generated, sometimes significant, annual profits. 

Is the long time sterling reputation of Switzerland in global financial markets is a bit at stake!

Swiss National Bank Rules Out Payouts After Losing $3.5 Billion Last Year - WSJ



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