Banks suffer from SNB decision

Note: This section contains information in English only.
Source: Bloomberg
The Swiss National Bank's unexpected decision to abandon its minimal exchange rate for the pair CHF/EUR, due to which Franc advanced 41% against the Euro, negatively influenced the world's leading banks, as they received $400 million of cumulative losses. Citigroup, the world leading bank, faced $150 million losses, while Deutsche Bank lost around $150 million. Barclays, in turn, lost around $100 million. 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.