Swiss National Bank Reports $23.3 Billion Profit in Q3, Driven by Gold and Foreign Currency Holdings
The Swiss National Bank reported a profit of 19.1 billion Swiss francs ($23.3 billion) for the third quarter, primarily due to gains from gold and foreign currency investments, although this represents a nearly 32% decline year-on-year. This profit raises the possibility of payouts to Swiss governments, despite a volatile market environment.