forex
Surging franc pushes SNB into the red
<p>The Swiss National Bank has announced a consolidated loss of Sfr.10.8 billion for the first half of 2011 largely as a result of the surging value of the Swiss franc.</p>
<p>The Swiss National Bank has announced a consolidated loss of Sfr.10.8 billion for the first half of 2011 largely as a result of the surging value of the Swiss franc.</p>