The surprising decision from the Swiss National Bank (SNB) to remove the 1.20 floor on EURCHF has consequences on Swissquote Bank. Many clients were following the confirmed longstanding strategy from the SNB and were anticipating a weakening of the Swiss Franc against the Euro. Today's drop of up to 15 percent has left clienst with a negative balance and has prompted the bank to activate a provision of 25 million CHF. This provision will influence the results in the first half of 2015, without affecting the profitability and solidity of the bank. Even with this provision, the bank will have a core capital ratio (Tier ... (full story)