Swiss central banks currency loss spares cantons, federal govt update

17th January 2011, Comments 0 comments

Losses in future years could touch shareholder gov’ts budgets Update 11:45 Zurich, Switzerland GenevaLunch - The Swiss National Bank SNB is likely to post a CHF21 billion loss for 2010 as the result of exchange rate losses of CHF26m, it announced Friday. But the federal government and cantons will receive their expected share of profits and dividends ...

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