SNB
The Swiss National Bank (SNB) welcomes the Swiss government’s announcement to reduce its UBS investment. The placement of the shares resulting from the conversion of the Confederation’s mandatory convertible notes is an indication of the market’s confidence that the bank’s resilience has improved further. With this sale, the Swiss government will no longer have a stake in UBS.
Read more: Swiss National Bank welcomes government’s reduction in its UBS investment...
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MyForexTime Twitter Updates
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