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View Full Version : SNB's Franc Ceiling of 1.20 Versus Euro Is 'Very Credible,' Jordan Says - Bloomberg



NewsWhore
09-28-2011, 06:50 PM
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SNB&#39;s Franc Ceiling of 1.20 Versus Euro Is &#39;Very Credible,&#39; Jordan Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHHpxedNNPflP-L6UYSF7t_Fh0h8Q&url=http://www.bloomberg.com/news/2011-09-28/snb-s-franc-ceiling-of-1-20-versus-euro-is-very-credible-jordan-says.html)
Bloomberg
Efforts to stem franc gains in the 15 months through mid-June 2010 more than quadrupled the bank&#39;s balance sheet and contributed to an annual loss of $21 billion as the single currency&#39;s value plummeted. The franc, considered a haven in times of ...

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