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Description: The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18% of Switzerland’s projected gross domestic product of 744.5 billion Swiss francs. Its previous record loss was 23 billion francs in 2015.

Source: – video report

Date: Jan 09, 2023


Questions for discussion:

  • How did the bank lose money, according to the report?
  • Was there any way, these losses could have been mitigated by management?
  • How is this central bank similar but different from other banks?

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