SNB's chairman Jordan: Negative rates and willingness to intervene in FX market allows SNB to counteract attractiveness of Swiss franc investments

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26 October 2020

SNB's chairman Jordan: Negative rates and willingness to intervene in FX market allows SNB to counteract attractiveness of Swiss franc investments

Overvalued Swiss franc can pose problem for Swiss financial industry
So far Swiss banks have withstood the effects of pandemic well

European stocks closed: FTSE 100 5,792.01 -68.27 -1.16% DAX 12,177.18 -468.57 -3.71% CAC 40 4,816.12 -93.52 -1.90%

S&P 500 Index: Choppy action prior to US elections - Charles Schwab

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