IMPACT OF SWISS MOVE ON BANKS IN OUR PORTFOLIO $JPM $SAN $BAC $BBD $C $ITUB $ZION

Banks in our portfolio include BAC, BBD, C, ITUB, JPM, SAN, and ZION. The Swiss National Bank removing franc’s peg to euro resulted in extreme volatility in forex.  The impact on the banks in our portfolio is not know at this time. It is important to note that these banks have huge balance sheets and can easily handle losses.