The Swiss National Bank expects anannual profit of 54 billion Swiss francs ($55.25 billion) for2017, the central bank said on Tuesday, the biggest profit inits 110.
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On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and.
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DAVOS, Switzerland (Reuters) – The Swiss Alpine town of Davos is used to celebrities and high-rollers, but even it is relishing the new challenge posed by U.S.
Swiss banks are selling a new safe-haven idea to the rich and mighty from India and other countries — special accounts for holding gold bars and high-value Swiss franc notes in the safety of their cash vaults. Amid a global crackdown.
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ZURICH, Switzerland — A long-awaited Swiss report about wartime dealings in Nazi gold concluded that Swiss.
The "Save our Swiss gold" initiative, proposed by the right-wing Swiss People’s Party out of concern the central bank has sold too much of its gold in the past, was rejected by 77 percent of voters, said Swiss broadcaster SRF. The.
The first one, called "Save our Swiss gold" wanted to force the central bank to boost its gold reserves, the second, the Ecopop referendum, proposed capping the number of immigrants at just 0.2 percent of the resident population or the.
23 Mins Ago. LONDON, Feb 16- Gold eased from a three-week high on Friday as the dollar index rebounded from an earlier three-year low, but was still on track for its.
. required to launch a national referendum on a proposal to return soundness to the Swiss franc through securing adequate gold reserves for the central bank. The motions of the gold initiative are threefold: The gold of the Swiss.
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a campaign is on to protect the country’s wealth by investing in gold – a lot of gold. The Swiss are being asked to vote on a proposal to make the central bank hold a fifth of its reserves in gold within five years. That would mean buying.
The Swiss National Bank said on Monday it lost 15 billion francs in the value of its gold holdings, but that was partly offset by a gain of 3 billion francs in foreign currency and more than 3 billion francs in profit from selling its stabilisation.
FORMER Leeds United director Simon Morris hid millions of pounds and gold bars away from creditors in Swiss bank accounts as he was made bankrupt, a court was told. Morris faces prosecution under the Insolvency Act over more.
Oct 11, 2017 · Scientists have struck gold in an unlikely place: Swiss sewage and waste water treatment plants.
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The main Swiss banks command a huge global presence – as well as UBS. is likely to be a major step towards them regaining their recent lost ground with.
Nov 30, 2014 · In today’s Swiss gold referendum, roughly 78% voted against expanding central bank gold reserves to 20% of central bank assets from the current 7%.
Swiss voters have overwhelmingly rejected an initiative that would have forced the country’s central bank to hold a fifth of its assets in gold, which would have eroded its ability to conduct monetary policy. Citing projections from results in 19.
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GENEVA: Swiss competition authorities said they were investigating UBS, HSBC, Deutsche Bank and four other major banks for suspected price fixing in the trade of precious metals like gold and silver. The Swiss Competition.
ZURICH, June 25 (Reuters) – Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes. The euro zone.
Swiss franc; Schweizer Franken franc suisse franco svizzero franc svizzer.
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It turns out that in a world where bank accounts aren’t strongboxes full of gold, it’s not really possible for small. Switzerland, of course, still has banks and bank accounts. But these days the Swiss bank account of lore no longer.
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The SNB said its gold holdings increased in value by about CHF3 billion last year, and its Swiss franc positions by CHF2 billion. However, the SNB’s hands are tied on what it can do with its profits. Whereas central banks such as the.
A Swiss referendum on Sunday that could compel the nation’s central bank to hold 20 per cent of its assets as gold makes no sense, Citi argues. The ultra-conservative Swiss People’s Party proposed the initiative, called "Save Our.
WASHINGTON — Hammering Mitt Romney for his tax havens and offshore bank accounts is pure political "gold" in the swing state of Ohio, a Democratic congressman who represents the state said Wednesday. Rep. Tim Ryan said.
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Jul 09, 2017 · “Switzerland is to gold what Bordeaux is to wine”, Gilles Labarthe, Swiss journalist and ethnologist What is the relationship between the Swiss franc.
Scientists have struck gold in an unlikely place: Swiss sewage and waste water treatment plants. said they found cut-up €500 bills had been flushed down toilets at a UBS bank branch and three nearby restaurants. The investigators said.
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