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SNB suffers 23B-franc loss amid stronger currency

Jan. 08, 2016 3:20 AM ETEWL, FXF, SWZ, FSZ, HEWLBy: Yoel Minkoff, SA News Editor
  • The Swiss National Bank incurred a record loss of 23B francs ($23B) last year after the central bank's costly decision to abandon its currency cap against the euro.
  • While the appreciation of the franc that followed the Jan. 15 decision resulted in a loss of 20B francs on its foreign-currency positions, the SNB still plans a payout and dividends to the federal government and cantons.
  • ETFs: FXF, EWL, SWZ, FSZ, HEWL

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