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Nokia investment provides SNB 10 million profit

Nokia Connecting people

Recently we reported on SNB losses of 1.85 bil. CHF in just one day and on our estimate of 5 bil. CHF loss in Q4/2012. But now good news:  the SNB made a profit of 10 million on Nokia – i.e. 0.2% of the Q4 loss reversed. More on Cash.
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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Permanent link to this article: https://snbchf.com/2013/01/nokia-investment-provides-snb-10-million-profit/

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