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Swiss currency crisis claims casualties across the world

West Ham FC sponsor Alpari UK now insolvent, Global Brokers NZ to close down, FXCM shares slump in New York, while Barclays and Deutsche Bank reported to have lost millions

West Ham FC sponsor Alpari UK has become one of the biggest casualties of Thursday’s turmoil on currency markets sparked by the Swiss central bank abandoning its attempt to peg the franc against the euro.

Alpari UK, an online foreign exchange dealer, said it was insolvent because of the scale of the losses suffered by its clients after the shock move by the Swiss sparked wild swings in the £3.5tn-a-day foreign exchange markets.

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