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Switzerland’s central bank is unusual. It is privately owned (mainly by a German citizen) but distributes much of its profit to the nation’s cantons and federal government. This feature adds to the politicisation of monetary policy in Switzerland as it increases the likelihood voters and politicians view the bank primarily as a cash generator rather than the custodian of a stable inflation.

However, profit distributions to cantons and the federal government are unlikely. Gains in one quarter can be wiped out by loses in another. Strong volatility is the norm rather than the exception, according to the bank. In 2023, the SNB made a profit of CHF 26.9 billion in the first quarter only to end the year with a CHF 3.2 billion loss.

https://lenews.ch/2024/04/27/swiss-national-bank-profits-bounce-back-to-record-level/
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
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❗️Parts of Moscow flooded, as 30% of normal monthly precipitation to come down on Russian capital this Saturday

🟩 @RTnews_unc3
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French president #Macron calls for expanded #ECB mandate “We cannot have a monetary policy solely focused on inflation,” Macron says

https://www.centralbanking.com/central-banks/governance/7961199/french-president-calls-for-expanded-ecb-mandate
The auction for John Jacob #Astor IV's 14-carat gold Waltham pocket watch begins Saturday, with a starting bid of 60,000 pounds, according to auction house Henry Aldridge & Son. The watch, engraved with the initials JJA, was found along with Astor's body when his remains were recovered several days after the Titanic sank.
He was also found with a diamond ring, gold and diamond cufflinks, 225 pounds in English notes, and $2,440.


https://www.cbsnews.com/news/titanic-auction-pocket-watch-richest-passenger-john-jacob-astor-iv/
Did John Jacob Astor really die when the Titanic sank...?
Hmm items were recovered from his body ...
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
⚡️Moscow Terror Attack Suspect Number 12 Arrested

Tajikistan citizen Djumahon Kurbonov appeared in a Moscow court, Saturday, and will be held in custody until May 22.

145 people were killed in the attack on March 22, with the terrorists who carried out the murders arrested close to the Ukrainian border.

🟩 @RTnews_unc3
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Forwarded from RadioBabe FM
This was on my ROKU tonight.
I have never ever seen an EBS.on
streaming TV.
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
Mandela grandson booted from X

It remains unclear why South Africa-born Elon Musk allowed the account belonging to the grandson of Nelson Mandela to be blocked on Friday, just as he set sail for Gaza on the Freedom Flotilla, and the day before the 30th anniversary of apartheid officially ending.

🟩 @RTnews_unc3
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