Forex positions help Swiss National Bank to nine-month profit

The Swiss National Bank on Friday reported a nine-month consolidated profit of 28.5 billion Swiss francs (18.53 billion pounds), largely due to a rise in its foreign exchange positions. The SNB set a cap of 1.20 Swiss francs to the euro three years ago to help stave off recession and the threat of deflation. The SNB said euro-denominated assets made up 45 percent of its portfolio at the end of ...