The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said, the biggest loss in its 115-year history. | Reuters
ZURICH – The Swiss National Bank posted an annual loss of 132 billion Swiss francs 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 franc also had a negative impact.Monday’s figure, which marked a reverse from a 26-billion franc profit in 2021, was bigger than the previously biggest loss of 23 billion francs chalked up in 2015. It is equivalent to slightly more than the annual GDP of Morocco.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Social media stories that touched our hearts in 2022Despite many difficult moments in 2022, there are still some instances that sparked inspiration as well as a glimmer of hope. | via philstarlife
Read more »
RESULTS: December 2022 Radiologic and X-Ray Technologist Licensure ExaminationPRESS RELEASE: Congratulations to the passers!
Read more »
Celeste Cortesi dazzles in latest look for Miss Universe 2022Celeste Cortesi is ready to take home the Philippines&39; fifth Miss Universe crown!
Read more »
P5.7-M worth of lumbers seized, 60 illegal loggers nabbed in 2022 in CordilleraMore than P5.7 million worth of illegally cut lumber were confiscated while 60 individuals were arrested during an intensified anti-illegal logging operations by the Police Regional Office-Cordillera in the year 2022.
Read more »
GIR continued steady climb in Dec 2022 to $96BThe Philippines’ gross international reserves (GIR) appears to have risen further in December 2022 by $887 million to a four-month high of $96 billion from $95.1 billion in November, thanks
Read more »
Miss Latvia Kate Alexeeva withdraws from Miss Universe 2022 after testing positive for COVID-19ICYMI, Latvia's candidate Kate Alexeeva announced that she is revoking her participation in this year’s Miss Universe competition due to COVID-19 complications. | via philstarlife
Read more »