Tuesday, April 24, 2018
News: Page (1) of 1 - 01/09/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Swiss National Bank chief quits amid trades uproar
Swiss National Bank says Chairman Hildebrand resigns amid uproar over private forex trade
By The Associated Press

GENEVA (AP) ' Switzerland's central bank says its chairman Philipp Hildebrand has stepped down in the wake of a public uproar over his private currency deals.

The Swiss National Bank says the resignation takes effect immediately and Hildebrand would make a statement and release documents to the public.

His departure coincided with a Swiss parliamentary committee hearing, to be held Monday behind closed doors, to get answers about the deals he engaged in while leading efforts to soften the Swiss franc.

Hildebrand broke weeks of silence Thursday to deny breaching central bank rules.

Swiss media have been awash with reports about public unease over the dollar swaps that netted Hildebrand tens of thousands of dollars last year. He said he has since donated the profits to charity.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines