Swiss National Bank expects an annual loss of around 3 billion CHF ...Middle East

News from Monday on the SNB, which will not be paying profits to the government for the second year in a row. The very strong CHF has outweighed capital gains from equity and bond portfolios in foreign currencies the Bank has. The Swiss National Bank has announced (in its preliminary results) that it expects an annual loss of around 3 billion Swiss francs for last year.Info via Bloomberg (gated) This article was written by Eamonn Sheridan at www.forexlive.com.

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