Two Sectors on the Edge

In an already volatile environment, what the stock market didn't need was the surprise action by the Swiss National Bank (SNB) to remove the cap on the Swiss franc/euro exchange rate. The cap had been in effect since 2011 and the franc rose 30% against the euro in the minutes after the announcement. As a result of this action, several of the largest foreign exchange firms may go out of business as reports indicate they have negative equity. Larger firms were not immune as of one of Goldman Sachs...