Forex drags down Swiss central bank results

12th November 2010, Comments 0 comments

First three quarters 2010 show CHF8.46b loss due to foreign currency holdings UBS bailout fund “positive” Zurich, Switzerland GenevaLunch - The Swiss National Bank SNB has posted a loss of CHF8.46 billion for the first nine months of 2010, due largely to its foreign currency holdings. Exchange rate losses totalled CHF21.2b during the first three quarters, with ...

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