CHF

The big profits swiss private banks made is from mortgages and loans to eastern europe and russia. The swiss economy is politically important but not for banks. Of course the interest on these loans skyrocketed in other currencies , as the CHF got ever stronger, endangering defaults with desastrous effects on Euro, and for swiss banks. But the swiss banks cannot afford to be drained of capital when the deposits are called, because of possible tax. Thus I think it is a typical minimum maximum calculus. There is no safe haven in EUR neither in USD. Now the central bank of Russia offers loans, bonds, backed by physical gold. That is in theory, on maturity the bond holder can demand a return in physical gold. Do you think that even one oligarch gangster is stupid enough to buy such a bond? Wth money from swiss banks, or fresh from the money laundry? Certainly not. They will go back to CHF.

so you meant they hold 500bln not only cant profit from that but also have to pay interest.

how it could be?

UBS

I stay short with options on EURCHF knocout level 1.19.
Its all words of mouth no action. Remember russian oligarchs alone have CHF deposits of more than 500 bln. All tax evasion, money laundry. They are scared to death should deposits be taxed. But of course there will never be a tax on deposits.

chill dude, tats why u have to b ur boss. tats why i trade cuz i dont hav to listen to anybody.