TSMC Surges to Record High on AI Optimism, Global Chip Rally

The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, it said on Monday, as a switch to positive interest rates cost it dearly and meant it couldn’t pay a dividend for a second straight year. The SNB became the latest central bank to report losses as higher interest rates imposed to fight inflation force them to pay billions to commercial lenders.

The German central bank last month said it lost 21.6 billion euros last year, wiping out nearly all of its provisions, while its Dutch counterpart lost 3.5 billion euros.