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Swiss National Bank Suffers Biggest Quarterly Fall Since 1907 Due to Coronavirus

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The central bank's holdings of equities lost 31.9 billion francs in value as the economic impact of the virus sent markets into a tailspin while it also suffered exchange rate-related losses of 17.1 billion francs as the appreciation in the franc reduced the value of its foreign stocks and bonds.

from Top Business News- News18.com
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Swiss National Bank Suffers Biggest Quarterly Fall Since 1907 Due to Coronavirus Swiss National Bank Suffers Biggest Quarterly Fall Since 1907 Due to Coronavirus Reviewed by Team Exprssnews on April 23, 2020 Rating: 5

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