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Swiss Bank Doubled Down on EV Stock Rivian and Won Big

Por: MarketWatch Business September 10, 2023

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The bank declined to comment on its investment changes. By year-end 2022, its balance-sheet total shrank for the first time in 15 years, to $988 billion from $1.2 trillion. The loss was “principally due to valuation losses on investments, with foreign currency sales also a contributing factor,” the bank said in its . The Swiss National Bank bought 1.1 million more Rivian shares in the second quarter to lift its investment to 2.3 million... + full article



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