The Swiss National Bank (SNB) reported a loss of 142.4 billion francs ($142.2 billion) for the first nine months of this year as a stronger franc considerably lowered gains from equity and bond holdings. This is the largest loss in the central bank’s 115-year history, with SNB crediting the loss to rising interest rates and…
Swiss Central Bank Loses Over $142 Billion as Franc Strengthens in Value
October 31, 2022
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