✉news BusinessBanking first seen 4 d ago, last 4 d ago, peak #3
Swiss central bank posts $23bn profit on gold and foreign assets
Original: Swiss central bank posts bumper $23bn profit thanks to gold, foreign assets
The Swiss National Bank has reported a profit of around $23 billion, driven largely by gains on its gold holdings and foreign currency assets. The result is a sharp turnaround for the central bank, whose earnings are closely watched because they influence payouts to the Swiss government and cantons and can move the Swiss franc.
Why now: A multi-billion-dollar central bank profit is rare, good news with direct fiscal implications for Switzerland, drawing wide attention.
Swiss National BankSwitzerlandgold
Rank over time, top of the chart is #1. 2 snapshots from 4 d ago to 4 d ago.
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