JPMorgan Reported To Win Big On Swiss Currency Move

Largest U.S. Bank Big Winner On Surprise Central Bank Move

JPMorgan, straight off a $92 million EU fine for trading in the Swiss Franc, apparently flourished during the recent Swiss flash crash event.

Bank’s exact position unknown

A Bloomberg report, citing unnamed sources, claimed the bank’s currency traders netted from $250 million to $300 million in light of the Swiss National Bank’s surprise decision to un-peg its currency from that of the Euro. When the Swiss central bank let its currency freely trade its value soared while the Euro currency, on the verge of historic quantitative easing, fell in value.

The bank’s...