Swiss Bank EFG Warns of Weakening Dollar as Net Profit Jumps 36%
(Bloomberg) — EFG International AG said a weakening dollar mostly eroded the value of its assets by 11.7 billion Swiss francs ($14.8 billion) in the first half of the year as the Swiss bank reported a 36% gain in net profit. Revenue-generating assets shrank 2% from a year earlier to 162.3 billion francs, with net … Read more