|Bid||5,600.00 x 0|
|Ask||5,760.00 x 0|
|Day's Range||5,620.00 - 5,760.00|
|52 Week Range||1,940.00 - 9,760.00|
|PE Ratio (TTM)||0.01|
|Forward Dividend & Yield||15.00 (0.28%)|
|1y Target Est||N/A|
A radical plan to transform Switzerland's financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday. More than three quarters rejected the so-called Sovereign Money initiative, according to the official result released from the Swiss government. All of the country's self-governing cantons also voted against in the poll, which needed a majority from Switzerland's 26 cantons as well as a simple majority of voters to succeed.
Swiss voters have clearly rejected a radical overhaul of their financial system which would have prevented banks creating money every time they gave credit, the government said on Sunday. More than three ...
A radical plan to upend Switzerland's financial landscape by barring commercial banks from creating money when they lend was heading for defeat, according to early projections on Sunday. Some 74 percent ...
A radical plan to upend Switzerland's financial landscape by barring commercial banks from creating money when they lend looks likely to be defeated, Swiss broadcaster SRF said on Sunday.
Swiss voters will learn on Sunday if their country will be the first in the world to introduce a radical new financial system that would bar commercial banks creating money each time they made a loan. The initiative, called under Switzerland's system of direct democracy after gathering more than 100,000 votes, wants to make the Swiss National Bank (SNB) the only authority in the country authorised to create money in the country. The plan, if accepted could have repercussions beyond Switzerland's borders by removing a practice which underpins most of bank lending in the world.
Swiss banks are highly exposed to the residential real-estate sector where prices have trended upwards for the last 12 years, but banks' resilient credit profiles provide a significant buffer, Moody's ...