ZURICH—The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January. The loss, the biggest in the central bank’s 115-year history, was caused by a plunge in the value of the SNB’s investments caused by bond and stock market…
Swiss National Bank Posts Record $143 Billion Loss in 2022
ZURICH—The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history. The central bank plunged into the red as falling stock and fixed-income markets hit the value of its share and bond portfolio, while the appreciation of the…
Swiss National Bank Posts Record First-Half Loss, Says No Policy Impact
ZURICH—The Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907. Stock market declines, falling bond prices, and the franc’s appreciation severely dented the value of its massive foreign currency holdings. The SNB reported a second-quarter loss…
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