Search Results for: Swiss bank
Swiss Franc Trade Is Said to Wipe Out Everest’s Main Fund
January 19th, 2015
Marko Dimitrijevic made a smart bet in December. The hedge fund manager, wagering the Swiss franc would fall, profited after voters there rejected a plan to have the central bank hold a fifth of its assets in gold. For ...
Why the Swiss unpegged the franc
January 19th, 2015
In the world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate ...
Banks Battle Speculation Denmark’s Euro Peg at Risk: Currencies
January 19th, 2015
Banks in Scandinavia are joining the Danish government in trying to persuade offshore investors that the Nordic country isn’t about to copy Switzerland and drop its euro peg. SEB AB, the Nordic region’s largest currency trader, said it’s been fielding calls ...
CySec requests further information from CIFs after the recent move on Swiss Franc
January 19th, 2015
The recent move on the Swiss Franc has urgent CySec to ask information from the investment firms under its supervision, on the impact of the move on their business. With a circular, the Cyprus Securities and Exchange Commission (CySec) ...
Swissquote builds provisions following the decision of the SNB
January 16th, 2015
The surprising decision from the Swiss National Bank (SNB) to remove the 1.20 floor on the EUR/CHF has consequences on Swissquote Bank. Many clients were following the confirmed longstanding strategy from the SNB and were anticipating a weakening of the Swiss Franc against the ...
London Capital Group Statement on Swiss Franc movement
January 16th, 2015
Following yesterday’s announcement by the Swiss National Bank, which resulted in extreme movement in the value of the Swiss Franc, and a sudden reduced liquidity in the Swiss Franc foreign exchange market, London Capital Group provides an update on ...
FXCM Comments on Swiss Franc Movement
January 16th, 2015
FXCM (NYSE:FXCM) an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to ...
Statement on Swiss Franc Movement
January 16th, 2015
Following yesterday’s exceptional market events due to the Swiss National Bank’s abandonment of its EURCHF floor, many brokers have experienced major losses in their trading book. IronFX Global Limited was not affected by these events due to our strong ...
What the Swiss franc shock means for markets
January 16th, 2015
Dennis Gartman told CNBC the Swiss decision Thursday to abandon a key part of its monetary policy is the worst central bank move he’s ever seen. “This really is I think a silly decision on their part and it ...
Swiss Stocks Tumble, European Equities Rise After SNB
January 15th, 2015
Stocks in Switzerland tumbled, led by the nation’s exporters, while the Euro Stoxx 50 Index rose, after the Swiss National Bank (SNBN) unexpectedly ended its minimum exchange rate. The Swiss Market Index plummeted 8.7 percent at 2:14 p.m. in ...
