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Swiss Franc

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  • Jan 16- Leucadia National Corp will give $300 million to retail foreign exchange broker FXCM Inc to meet regulatory capital requirements, the two companies said on Friday. The move comes after FXCM lost $225 million due to the surging Swiss franc, caused by the scrapping of a three-year-old cap on the value of the franc against the euro by the Swiss National Bank...

  • Swiss timing shocking, not the action: Pro  Friday, 16 Jan 2015 | 4:07 PM ET

    Glenn Stevens, Gain Capital CEO, reacts to the Swiss National Bank's surprise move to keep the franc artificially low against the euro.

  • Franc shocker: Let's get some clarity  Friday, 16 Jan 2015 | 3:21 PM ET

    Discussing the damages from the major move by the Swiss National Bank, with David Bianco, Deutsche Bank, and Dennis Gartman, The Gartman Letter.

  • Inside the currency chaos  Friday, 16 Jan 2015 | 2:08 PM ET

    Todd Gordon, Trading Analysis founder, provides a technical analysis into the strength in the dollar, the falling euro and the broad currency market.

  • Currency brokers rocked  Friday, 16 Jan 2015 | 2:06 PM ET

    A number of currency brokers are getting hit hard after the move by the Swiss National Bank. CNBC's Seema Mody reports on the fallout in London to Alpari Group.

  • A taxi bike near the Capitolium square in Havana, Cuba.

    Orbitz CEO Barney Harford said the company will be able to provide consumers trips to Cuba within a year.

  • NEW YORK, Jan 16- Retail foreign exchange broker FXCM Inc, reeling after customers lost more than $200 million from the surging Swiss franc, is talking to investment bank Jefferies about a possible rescue deal, sources told Reuters on Friday. FXCM's shares plunged nearly 90 percent in premarket trading on Friday, a day after the company said client losses may have...

  • LONDON, Jan 16- German bond yields hit record lows on Friday while fears about Greece's banks sent that country's borrowing costs spiralling- signs of the fallout from the Swiss National Bank's shock decision to scrap its currency cap. A surge in the Swiss franc after the SNB abandoned its 1.20 euro limit on Thursday saw investors flee equities and other risky...

  • NEW YORK, Jan 16- The U.S. dollar and the euro gained a little ground against the Swiss franc on Friday, a day after the Swiss National Bank shocked markets by scrapping a currency cap, while the dollar hit new multi-year highs versus the euro on expected European Central Bank easing. After falling as much as 30 percent to a record low of 0.8500 franc in the minutes...

  • LONDON/ HONG KONG, Jan 16- The Swiss franc shock reverberated through currency trading firms on Friday, dealing the heaviest blows to those catering for small-scale retail clients and forcing regulators to take a closer look at the sector. Some major banks also lost out when the Swiss National Bank lifted its cap on the franc without warning on Thursday,...

  • European markets close: Franc, ECB & Greek banks  Friday, 16 Jan 2015 | 11:26 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including where Swiss stocks and the euro stand ahead of the European Central Bank's meeting next Thursday.

  • Euro hits fresh 11-year low against the US dollar Friday, 16 Jan 2015 | 11:08 AM ET
    A cashier counts euro banknotes in Vilnius, Lithuania, on Jan. 1, 2015.

    Fallout from the Swiss National Bank continues to haunt the euro, bringing the currency down to new lows.

  • O'Leary: Swiss move warning to all governments  Friday, 16 Jan 2015 | 11:01 AM ET

    "Shark Tank" investor Kevin O'Leary of O'Leary Funds, provides perspective on the fallout from the Swiss move, and the reports on a rescue deal for FXCM.

  • NEW YORK, Jan 16- FXCM Inc's shares plunged nearly 90 percent in premarket trading on Friday after the retail foreign exchange brokerage said its clients had lost significant amounts of money from the big jump in the Swiss franc, and it may have too little capital. U.S.-based FXCM said Thursday that due to the volatility in the euro/Swiss franc pair, "clients...

  • SNB: A brief 'tumultuous' move  Friday, 16 Jan 2015 | 11:00 AM ET

    Discussing the recent SNB decision, Brent Jaciow, chief investment officer at Pilotage Private Wealth says he was initially "shocked," however this could be a "signal" that "QE is coming."

  • NEW YORK, Jan 16- Investment bank Jefferies has expressed interest in a rescue deal with embattled retail foreign exchange broker FXCM Inc, two people familiar with the matter said on Friday. FXCM was fighting to stay above water as its stock tumbled nearly 90 percent in premarket trading after client losses related to the sharp appreciation of the Swiss franc.

  • WASHINGTON, Jan 16- The U.S. Commodity Futures Trading Commission said on Friday it was reviewing situation of retail forex broker FXCM, whose stock tumbled nearly 90 percent after losses related to the sharp appreciation of the Swiss franc. "We are reviewing the company's situation," a spokeswoman for the regulator said. She declined to give further detail.

  • NEW YORK, Jan 16- Retail foreign exchange broker FXCM Inc was fighting to stay above water on Friday as its stock tumbled nearly 90 percent in premarket trading after client losses related to the sharp appreciation of the Swiss franc. U.S.-based FXCM said Thursday that due to the volatility in the euro/Swiss franc pair, "clients experienced significant losses,...

  • Swiss look to London property after franc fracas Friday, 16 Jan 2015 | 8:37 AM ET
    A banner advertising new 'Luxury' apartments in the East End of London.

    Swiss investors could move into London's property market to capitalize on the soaring Swiss franc, an asset management firm predicted Friday.

  • Dealers speculated the Swiss had moved because they knew the European Central Bank would take the plunge into full-scale quantitative easing, effectively the printing of hundreds of billions of euros, at its policy meeting on Jan. 22. "It challenges the view that ECB easing is already in the price," said Daragh Maher, a currency strategist at HSBC in London.