- 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.”
Swiss Central Bank Losses Mount to $143B, Biggest in 116-Year Historyhttps://t.co/hKU5x4VVJp— John Morgan (@johnmorganFL) January 10, 2023
An analysis of the previous year’s loss of the bank makes it clear that the current loss is ...
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