The Financial Times is reporting that global brokerage house IG Group said that it could face a hit of up to £30m ($45m) after the Swiss franc shot up near 30% and settled near parity with the euro following the Swiss National Bank’s decision to remove its longstanding exchange rate peg of 1.20 EUR/CHF. An official statement in a filing with the London Stock Exchange read the following: Following this morning’s exceptional announcement by the Swiss National Bank, which resulted in a sudden and extreme movement in the value of the Swiss Franc, IG Group Holdings plc (“The Company”, “The Group”, “IG”) believes it is ... (full story)