Head Of Largest Swiss Cantonal Bank Says Swiss Capital Controls Are “Certainly Possible”

Sunday, February 8, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/08/2015

Less than a day after the head of the SNB hinted at the possibility of capital control, the head of the largest Swiss cantonal bank, and the fourth largest Swiss Bank, the Zurich Cantonal Bank or ZCB, came out and explicitly said what so many fear (and which warning they would ascribe to as the case may be “yellow journalism”), namely that “lowering Swiss National Bank’s already negative interest rate further or implementing capital controls would be “dramatic” but “certainly possible.”

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter