Switzerland’s technologically innovative and ultra-secure Dukascopy Bank has announced today that it will cover any negative client balances which arose due to the Swiss National Bank’s decision to remove the 1...
The $400 million of cumulative losses that Citigroup Inc. (C:US), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days...
Oxfam research, published this Monday, has shown that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5...
Dubai Islamic Bank announced the pricing of a $1 billion Tier One capital-eligible issuance with a perpetual (non-call six) maturity, CPI Financial reported. The issuance carries a profit rate of 6.75 per cent and mirrors the solid demand and confidence investors have in the institution...
British hotels and shops saw spending by Russians fall 28% in 2014 mainly due to the plunge in the rouble, as BBC reports. Russians had been among the top five biggest-spending non-EU tourists in the UK, but have now fallen out of the top ten...
Greece's leftist Syriza party, which widened its opinion poll lead over the ruling conservatives ahead of the Jan. 25 vote, has stated it will cancel austerity imposed under the bailout and call for an international conference to renegotiate debts of Greece and some other euro zone states...
Commerzbank expects gold to bottom out around $1,125 in Q2 of 2015. “We expect the gold price to remain under pressure initially in the first half of next year on the back of growing speculation about increasingly imminent interest rate hikes in the US...
Retail foreign exchange broker FXCM Inc (FXCM.N), reeling after customers lost more than $200 million from the surging Swiss franc, will get a $300 million loan from Leucadia National Corp to keep operating, the companies said in a statement Friday...
Only representative of Great Britain. Yesterday's Alpari was reported closing their representation at Albion. The reason is simple ... This event January 15, 2015 namely the failure of a hard peg the Swiss franc to the euro at a level of 1.2, as well as reducing the key rate to 0.75...
Excel Markets - Insolvency Update As a follow up to our email Jan. 15, we are contacting you with an update regarding closing out your Excel Markets trading account balance by processing the final withdrawal you have already requested, or we expect you to request over the coming days...
If yesterday was a tough day for FX traders, today it’s the brokers themselves feeling a brutal hangover from the huge move in CHF. The Swiss National Bank yesterday announced that it would cease to defend the CHF1...
Important announcement Submitted on Fri, 16/01/2015 - 12:00; The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity...
Currency trading platform Forex.com on Thursday suspended trading in Swiss francs due to the surge in franc volatility after the Swiss National Bank unexpectedly abandoned the currency's exchange rate cap against the euro...
Some retail foreign exchange brokers and trading houses in Asia have been hit by massive losses from Swiss National Bank's (SNB) sudden move to abandon a cap on its currency that led to heavy volatility, with one even being forced to close...
Casualties from Thursday's astonishing boom in the value of the Swiss Franc are rolling in this morning...
A-Hole Move & Extremely Poor Decision Making Skills Exhibited by the Incompetent People Who Run the Swiss National Bank! The Following Charts Display Major Currencies that Trade Against the CHF. Google+ Link Twitter Link Part 1 Twitter Link Part 2...
EXCEL MARKETS - CRITICAL NOTICE 15 Jan 2015 The dramatic move on the Swiss franc fueled by the Swiss National Bank's unexpected policy reversal of capping the Swiss franc against the euro has resulted in rare volatility and illiquidity...
We’ve reached out to some brokers to help sooth client nerves amidst all the confusion. Shares of FX brokers are down big today and people are worried. We heard from the people at City Index, here are the comments from a spokesman...
