Hungarian PM Viktor Orban proposes a plan to let homeowners with Swiss franc-denominated...

|By:, SA News Editor

Hungarian PM Viktor Orban proposes a plan to let homeowners with Swiss franc-denominated mortgages pay them off at a favorable exchange rate, with the banks booking the loss. Some had feared an order for lenders to offer automatic refinances, but even Orban's limited move is likely to put a chill on foreign bank investment.