SNB suffers record H1 loss of 50.1b francs
Central bank position hurt by franc's rise against the euro and fall in value of gold
Zurich
THE Swiss National Bank (SNB) suffered a loss for the first half of the year, giving politicians keen to raise their profile in an election year more fodder for criticism.
The SNB had a loss of 50.1 billion francs (S$72 billion) in the six months through the end of June, the central bank said on Friday. That's a record, according to SNB spokesman Walter Meier.
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