Swiss National Bank Reports Record Loss of 132.5 Billion Francs
The Swiss National Bank (SNB) announced an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with its provisional figures from January. This marks the largest loss in the central bank’s 115-year history, driven by declines in bond and stock markets that negatively impacted the value of its investments. The strengthening of the […]