Tag: bank

Is the Reckless Swiss National Bank Endangering Its Independence?

Is the Reckless Swiss National Bank Endangering Its Independence?

To combat the persistent strength of its currency, the Swiss National Bank (SNB) expanded its balance sheet to more than $1.1 trillion (CHF 1.05 trillion; 1 US dollar = 0.94 CHF), earning the nickname “the world’s largest hedge fund.” Its attempt to influence exchange rates failed, and...

Fair Observer, 461 Harbor Blvd, Belmont, CA 94002, USA