Swiss National Bank reports annual loss of 132.5B Swiss francs

Malaysia News News

Swiss National Bank reports annual loss of 132.5B Swiss francs
Malaysia Latest News,Malaysia Headlines
  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 86%

The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January. | Reuters

Most of last year’s shortfall could be attributed to the 131.5 billion francs lost on foreign currency positions, with its bond holdings losing 72 billion francs in value and its share portfolio worth 41 billion francs less.

The SNB, which is due to give its next monetary policy update on March 23, declined to comment on how the loss could affect its future monetary policy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

inquirerdotnet /  🏆 3. in PH

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.

National dish? Rethinking adoboNational dish? Rethinking adoboYesterday, the 100-day countdown to the Philippine Independence Day was launched. As we look forward to celebrating our nation’s birth, foodies might ask, do we finally have a national
Read more »

Arca, Marticio lead National Age Group Chess Championships after three roundsArca, Marticio lead National Age Group Chess Championships after three roundsChristian Gian Karlo Arca and Jeremy Marticio won the Open Under-18 division at the Vice Gov. Athena Tolentino National Age Group Chess Championships in Tagaytay City Saturday, March 4.
Read more »

SC holds national summit to strengthen Shari'ah justice systemSC holds national summit to strengthen Shari'ah justice systemThe Supreme Court on Sunday kicked off a two-day national summit in a bid to strengthen the support for the Shari&39;ah justice system in the country and address some issues related to it.  
Read more »

Jordan's king tells US defense secretary West Bank violence threatens stabilityJordan's king tells US defense secretary West Bank violence threatens stabilityJordan&39;s King Abdullah told US Defense Secretary Lloyd Austin on Sunday a surge in West Bank violence threatened regional stability and asked for assistance to fight a growing drug war along its borders with Syria blamed on Iranian-backed militias, Jordanian officials said.
Read more »

S.Korea pension fund ready to revive FX swap with central bankS.Korea pension fund ready to revive FX swap with central bankSouth Korea’s National Pension Service, manager of the world’s third-largest public pension fund, will collaborate with foreign exchange authorities when needed to help stabilize the market, its chairman told Reuters. | Reuters
Read more »

Former top Credit Suisse shareholder sells full stake in bank – FTFormer top Credit Suisse shareholder sells full stake in bank – FTHarris Associates, one of Credit Suisse’s longest major shareholders, has sold its entire stake in the Swiss bank after losing patience with its strategy to stop persistent losses and a client exodus, the Financial Times reported on Sunday. | Reuters
Read more »



Render Time: 2025-03-01 07:17:38