IG Group share price sinks on £30m hit after Swiss Franc soars 40 per cent January 15, 2015 IG Group's share price suffered after it announced a potential hit of £30m, as its investors reacted to the Swiss central bank's shock decision to ditch its currency "ceiling". The financial spread betting firm's share price fell as much as 6.7 per cent to £6.94 in late-afternoon trade. It said clients' "positions were closed at [...]
Swiss franc surges after central bank scraps currency ceiling and slashes interest rates January 15, 2015 The Swiss franc has surged against the euro after the central bank scrapped a currency "ceiling", and took interest rates even further into negative territory. The Swiss franc was up as much as 37 per cent against the euro before later paring gains. Swiss shares shed some 10 per cent after investors rushed into safe-haven [...]
Swiss central bank imposes negative interest rate: Franc drops against the euro December 18, 2014 The Swiss Central Bank (SCB) has moved to stop the franc hitting its currency exchange ceiling of 1.2 Swiss francs to the euro by imposing a 0.25 per cent tax on sight deposit account balances. A sight account is one in which funds can be transferred at speed and with no restriction, or withdrawn as [...]