A kind of nationalization of private banks: The Swiss National Bank’s minus 0.75% rate netted it a profit of €1.8bn last year at the expense of UBS and Credit Suisse. (Chart via Bloomberg) pic.twitter.com/KAjql5avuN

— Holger Zschaepitz (@Schuldensuehner) September 11, 2019

Since 2014, European Banks Have Paid €23 Billion To The ECB… And Now Face Disaster https://t.co/0MgjNeCxbc

— zerohedge (@zerohedge) September 11, 2019