Swiss National Bank Profit Falls on Exchange-Rates Losses

The Swiss central bank’s profit declined 47 percent from last year, weighed down by exchange- rate losses due to the franc’s appreciation against the yen and the dollar. Profit fell to 6.9 billion Swiss francs ($7.3 billion) from 13.1 billion francs in 2011, the Zurich-based Swiss National Bank …

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Swiss National Bank Profit Falls on Exchange-Rates Losses

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