Still crying into their muesli after an awful H1 loss reported earlier
SNB spokesman says no dividend will be paid unless financial results improve by year-end
Dream on then. Analysts suggest an H2 profit of at least CHF 25bln to ensure dividend payout assuming it also utilises distribution reserves from 2014
The SNB January fiasco fall-out continues
Dividend payout has been a testing subject since the SNB paid no dividend in 2013 following a big loss on gold reserves
Last year it paid out CHF 2bln in dividends after a CHF 38.3bln profit but warned that such large payouts might not continue.
How right they were
Full results/balance sheet details here
EURCHF has seen a fall to 1.0530 since the news broke earlier as traders work on the theory that the SNB will be less likely to intervene. A scenario I posted on here a few weeks ago
The less than holy SNB trinity. Unless it's the very big hole in their P&L
