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Swiss Central Bank Incurs $143B Loss; Biggest Loss in 116 Years

Published 2023-01-10, 02:48 p/m
© Reuters. Swiss Central Bank Incurs $143B Loss; Biggest Loss in 116 Years

Coin Edition -

  • Swiss Central bank reported a huge loss of $143 billion in the year 2022.

  • The loss marked the greatest loss in the history of 116 years.

  • The loss is quite alarming as the current loss has a huge difference from the second-highest loss of 23 billion francs in 2015.

According to Bloomberg reports, the Swiss Central Bank revealed a total loss of $143 billion for the financial year 2022. John Morgan, the American financier and investment banker tweeted informing the Twitter community about the bank’s biggest loss in “116-Year History.”

An analysis of the previous year’s loss of the bank makes it clear that the current loss is ...

The post Swiss Central Bank Incurs $143B Loss; Biggest Loss in 116 Years appeared first on Coin Edition.

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