Published 13 days ago

Swiss central bank sees record profit after big losses

Summary by Inquirer

Zurich, Switzerland — The Swiss central bank said on Thursday it expects to post a record profit for 2024, boosted by a stock market rally and gold after two years of losses. The Swiss National Bank said its full-year profit was provisionally estimated to have reached 80 billion Swiss francs ($87.7 billion) — far above the 2017 record of 54.4 billion francs. The SNB added that it would provide three billion francs to the country’s cantons and go…

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Swiss central bank sees record profit after big losses

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