Swiss National Bank expects record 2017 profit of 54 bln Sfr

The Swiss National Bank expects an annual profit of 54 billion Swiss francs ($55.25 billion) for 2017, the central bank said on Tuesday, the biggest profit in its 110-year history. The SNB anticipates an annual profit of 49 billion francs from its foreign currency positions, which have swelled to 784 billion francs by November as […]

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