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Governments may get windfall as Swiss National Bank posts big profit

Swiss National Bank's end-of-the-year conference in Bern
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ZURICH (Reuters) - The Swiss National Bank plans to pay out 2 billion Swiss francs (1.57 billion pounds) -- and possibly more -- to Switzerland's federal and cantonal governments after swinging to a big 2019 profit, it said on Thursday.The SNB expects an annual profit of 49 billion Swiss francs (38.36 billion pounds) , helped by gains on foreign securities it bought to weaken the Swiss franc.That..
Date Published: Jan 09, 2020
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