The SNB reports a $13.5B loss in H1 as the plummeting euro/franc and dollar/franc exchange rates...

|By:, SA News Editor

The SNB reports a $13.5B loss in H1 as the plummeting euro/franc and dollar/franc exchange rates erodes the value of its reserves. The bank stocked up on euros and dollars in 2010 in a failed attempt to prop up them up. Full report here.