The Swiss National Bank (SNB) reported a loss of 142.4 billion francs ($142.2 billion) for the first nine months of this year as a stronger franc considerably lowered gains from equity and bond holdings.
The Swiss National Bank
lost 142.2 billion Swiss francs in
the first nine months of 2022, it said on Monday, as rising
interest rates and the stronger Swiss franc slashed the value of
the central. | October 31, 2022