RECORD $23 Billion Loss for SNB in 2015
Posted on 01/08/2016
The Swiss National Bank (SNB) is posting an annual loss of 23 billion (US$ 23 billion) CHF for the 2015 financial year. 20 billion CHF in losses was attributed to foreign currency positions, while 4 billion CHF in losses was related to a decreased valuation on gold holdings. The net result from Swiss franc positions […]
