Swiss Bank

COVID-19: Swiss National Bank suffers heavy first-quater losses

COVID-19: Swiss National Bank suffers heavy first-quater losses

The Swiss National Bank suffered heavy first-quarter losses of 38.2 billion Swiss francs ($39.2 billion, 36.3 billion euros), it said Thursday, driven by stock market jitters over the coronavirus pandemic. The central bank chalked up a loss of 31.9 billion francs on its equity investments, SNB said in a statement, plus foreign exchange losses of […]