companies feel rise of franc focus on specialty goods limits impact, but safe-haven role is costly
The European sovereign debt crisis roiling the global markets and the downgrade of the U.S. debt rating, combined with franc-denominated debts of Eastern European borrowers, have fuelled a huge demand for Swiss francs. By some measures, the currency is now as desired by investors as gold.
Tag: Banking
WikiLeaks Handed Data on Secret Swiss Bank Accounts
This gallery contains 0 photos →
Spain could ask for bank bailout this weekend
Spain could ask for a rescue of its struggling banks this weekend when European finance ministers hold an emergency conference call Saturday to discuss the country’s financial problems, a move that would make it the fourth member of the 17-nation eurozone to seek outside help since the continent’s financial crisis erupted two years ago.