About 150 million dollars (130 million euros) losses stood before Germany’s biggest money house, reported the “Wall Street Journal “in the night on Saturday, citing inaugurated circles. US banking giant Citigroup would incur losses in the same order of magnitude. The British banking giant Barclays and some hedge funds will have strong lost money. The German bank was not immediately be reached for comment.
The SNB had a complete surprise repealed the exchange rate peg the franc to the euro on Thursday. The Swiss currency jumped in the meantime by about 30 percent upward. The foreign exchange market was caught completely off guard. Analysts spoke of panic and chaos among investors. As the biggest victims of the SNB Decision shall apply so far a US online broker for retail investors, FXCM. The company was saved with an emergency loan $ 300 million after the stock had fallen by more than 70 percent.
The British competitors Alpari UK even went bankrupt. The decision of the Swiss central banker has led to extreme fluctuations and to dry out any liquidity Alpari announced on his website with: “This has had the consequence that the majority of customers suffered losses that exceeded their capital contributions. Where the customer can not cover this loss, it is passed on to us. “The British are also active in Germany.
The small New Zealand currency trader Global Brokers had set his business shortly after the decision of the SNB. Global Brokers had reported similar liquidity problems and loss of customers. The capital of the company is eaten, so you no longer satisfies the requirements of the Financial, said the New Zealander. CEO David Johnson apologized to its customers, but assured that deposits are safe.
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