KPMG has notified that CCI Legal is formally authorized to act on behalf of the Company and the Joint Special Administrators to assist in the recovery of debts due from …
Tag: swiss black swan
FXCM’s initial confirmation of negative client balances was $225 million, however it has now been revealed that it stands at $276 million. With a $51 million gulf, and only a …
FXCM has made a commercial statement, affirming that on January 15, 2015, the Swiss National Bank (SNB) caused a flash crash that lead to historic dysfunction never seen before in …
Alluding to Switzerland’s decision to remove the 1.20 peg on EURCHF last month having been an effort to shore up the nation’s vault-like economy, Switzerland’s FX reserves have risen by …
Denmark’s Nationalbanken purchased $16.34 billion worth of foreign currency in January 2015, which translates to 106.3 billion Danish Krone, the highest amount ever, as the nation’s economists attempt to maintain …
FXCM Global Head of Dealing Eduard Yusupov had pledged 1.2 million units of FXCM Inc (NYSE:FXCM) stock with a broker as collateral on a margin loan facility. As a result …
Invast Australia confirms strong financial position after Thursday’s black swan event in Switzerland
Invast’s Australian operations has completed a review of all CHF positions for potential adjustment, and concluded that no client adjustments are necessary, with full financial strength being maintained by the …
