http://www.euronews.net/ The chairman of the Swiss central bank has said he will not quit.
A defiant Philipp Hildebrand told reporters he saw no reason to resign over a controversial currency trade carried out by his wife.
Three weeks before the Swiss National Bank imposed a cap on the safe-haven Swiss franc against the euro, Hildebrand's wife bought 400,000 francs worth of dollars.
I am not familiar with the laws in Switzerland, but it does 'seem' some wrong doing has taken place. Confidential information was shared with the public (the wife) and a trade was taken based on that confidential information (insider trading). Two acts of wrong doing.
Fraud always is easily overlooked when you're in with the swindling crowd. This sort of thing assures confidence in the Ponzi scheme that is the trans-Atlantic banking system will not be soon restored.
But then a few days later... he resigned.
Axel Lehmann, president of
Axel Lehmann, president of UBS Switzerland, met with Hannah Wise at the Swiss Economic Forum in Interlaken. They discussed the strength of Swiss SMEs, how digitization is impacting UBS, and potential rate hikes in Switzerland. Lehmann said the Swiss National Bank "will take careful measures and will not only observe what the European Central Bank is doing, but what other central banks and other major leading currency movements are really doing." Yesterday, the chairman of the SNB told us it was "much too early" to start raising interest rates.
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Бизнеса със бизнес политика с със. Политика
Thomas Jordan, president
Thomas Jordan, president of the Swiss National Bank, discusses the central bank's decision to add further liquidity into Switzerland's banking sector.