Breaking: OANDA Europe Books $2.2 Million Loss Due to SNB Crisis

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5082
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Breaking: OANDA Europe Books $2.2 Million Loss Due to SNB Crisis

Postby kreslik.news » Sat May 07, 2016 10:38 am


The UK subsidiary of one of the first retail foreign exchange brokers online, OANDA, has reported its bottom line for 2015 in a filing with the Companies House. The company has booked a loss on its operation in Europe totaling about $2.23 million (£1.54 million) due to the turmoil which the Swiss National Bank (SNB) caused on the foreign exchange market.

OANDA Europe’s bottom line for last year compares with a net loss of £779,000 ($1.12 million at current exchange rates) for the full year 2014. Total revenues for 2015 increased by 84 per cent when compared to 2014, ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”