You are here

Swiss central bank draws flak for abandoning franc-euro cap

Swiss firms from watchmakers to ski resorts hammered by franc surge; stocks plunge

PUT IN A BAD LIGHT: The Swiss Business Federation warned that the decision of the SNB (whose building is seen here) would hurt the country's vital export and tourism industries.


SWITZERLAND'S central bank came under fire at home and abroad on Friday after scrapping its bid to stop the franc from rising, which wreaked havoc on global markets and bankrupted several foreign-exchange traders.

A brokerage firm in Britain and another in New Zealand...

Market voices on: