We Promise

Putting a cap on Swiss Franc appreciation meant shorting it was a fairly safe, if not necessarily lucrative, bet. Take the lid away, and WHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE


Fee fees have been hurt.

‘‘I would be astonished if we did not see more casualties,’’ Nick Parsons, the London-based head of research for the U.K. and Europe at National Australia Bank Ltd., said by phone from Sydney. ‘‘This was a 180-degree about turn by the SNB. People feel hurt and betrayed.’’