[ad_1] UBS agreed on Sunday to buy its embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) as part of a government-backed, cut-price deal. Swiss authorities and…
Tag: US Dollar/Swiss Franc FX Spot Rate
Swiss central bank posts biggest loss in its 116-year history
[ad_1] The Swiss National Bank expects a $143 billion loss for the 2022 financial year, the biggest loss in its 116-year history. It lost 131 billion francs on foreign currency…