Swiss National Bank
The Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy and for issuing Swiss franc banknotes.
The names of the institution in the four official languages of the country are: German: Schweizerische Nationalbank; French: Banque Nationale Suisse; Italian: Banca Nazionale Svizzera; Romansh: Banca Naziunala Svizra.
The SNB is an aktiengesellschaft under special regulations. About 55% of its shares are owned by public institutions like cantons and cantonal banks. The remaining shares are traded on the stock market. They are mostly owned by private individuals. The Swiss National Bank has two head offices, one is in Bern and the other one in Zurich.
Read more about Swiss National Bank: Monetary Policy, General Meeting of Shareholders, Bank Council, Governing Board, Gold Reserves, World War II Controversy
Famous quotes containing the words national bank, swiss, national and/or bank:
“The progress
Is permanent like the preordained bulk
Of the First National Bank
Like fish sauce, but agreeable.”
—John Ashbery (b. 1927)
“Nothing sets a person up more than having something turn out just the way it’s supposed to be, like falling into a Swiss snowdrift and seeing a big dog come up with a little cask of brandy round its neck.”
—Claud Cockburn (1904–1981)
““Five o’clock tea” is a phrase our “rude forefathers,” even of the last generation, would scarcely have understood, so completely is it a thing of to-day; and yet, so rapid is the March of the Mind, it has already risen into a national institution, and rivals, in its universal application to all ranks and ages, and as a specific for “all the ills that flesh is heir to,” the glorious Magna Charta.”
—Lewis Carroll [Charles Lutwidge Dodgson] (1832–1898)
“We bank over Boston. I am safe. I put on my hat.
I am almost someone going home. The story has ended.”
—Anne Sexton (1928–1974)