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Tag: Switzerland

Posted on April 29, 2020January 9, 2021 by Jannah Firdausi

Swiss National Bank Experiences Record Losses Due to Covid-19 Crisis

In the main quarter of 2020, the support investments known as the Swiss National Bank (SNB) endured its most exceedingly awful quarterly misfortune in longer than a century. The national bank posted a record loss of 38.2 billion Swiss francs (or about $39.34 billion) for the quarter on Thursday morning. It said the coronavirus flare-up…

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