Tags » Swiss National Bank

Who owns the Swiss National Bank?

A feature of pretty much any discussion about a central bank is that someone invariably pops up and claims that it is privately owned. This comes with the implication that dark forces are at work. 1,263 more words

General Economics

The SNB Just Made $133,000,000 In One Morning On Its Apple Shares (Sort Of)

There’s been no shortage of discussion about the Swiss National Bank over the past couple of weeks.

I don’t want to turn this into an FX post, but long story short, they’re probably pretty pleased with the euro’s relentless appreciation against the franc, as the higher EURCHF climbs, the less they have to worry about intervening. 344 more words

The Swiss central bank turned a record-setting loss into a massive profit

If 2016 was a bad year, somebody forgot to tell Switzerland’s central bank. It expects to report a profit of 24 billion Swiss francs ($23.6 billion) for 2016, one of its… 268 more words