SNB considers ceasing shareholder dividend payments

thomas-jordan-snb-board

Shareholders of the Swiss National Bank (SNB) may not receive dividends next year as the central bank attempts to rebuild its equity holdings following severe losses last year, Thomas Jordan, the vice-chairman of the Swiss National Bank's governing board, said on Wednesday.

Speaking at an event in Basel, Switzerland, Jordan said the central bank had suffered a substantial reduction in its equity holdings, which fell from Sfr58.4 billion ($65.2 billion) in January 2009, to Sfr44 billion on Decemb

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