Swiss central bank reports massive loss ...News

Last year’s $143 billion loss is the biggest in the regulator’s 116-year history The Swiss National Bank posted the biggest annual loss in its 116-year history as falling stock and fixed-income markets hit the value of its share and bond portfolio, the bank announced on Monday, citing preliminary estimations. The SNB lost around 132 billion francs ($143 billion) in 2022, which is equal to about 18% of Switzerland’s projected gross domestic product and five times higher than its previous record loss of 23 billion francs ($25 billion) in 2015. Almost the entire loss, 131 billion francs ($142.8 billion), was linked t

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Swiss central bank reports massive loss ...News

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