Will Swiss Banks continue as they are? A referendum will decide that soon

Supporters argue it would rein in asset price bubbles by putting the central bank solely in charge of the amount of money

The Swiss are about to decide on the future of their banking system.

Up for a national vote on Sunday is a measure that would upend the way financial institutions do business by forbidding banks from “creating” money through lending. That’s something that’s been a key tenet of finance for centuries, but one that some have questioned given the industry’s role in the global crisis a decade ago.
 

The “Vollgeld” proposal, opposed by the government and the Swiss National Bank, is unlikely to pass, according to polls. But it’s very existence shows how -- even after global regulators piled multiple tougher