Switzerland's Federal Council, which elects the SNB's governing board, expresses its "full...


Switzerland's Federal Council, which elects the SNB's governing board, expresses its "full confidence" in bank Chairman Philipp Hildebrand following disclosures about his wife's currency trading. An examination found no evidence of "problematic" transactions revealing the use of insider information.

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  • Cliff Wachtel
    , contributor
    Comments (1766) | Send Message
     
    ME: Don’t know what’s more shocking: if they get away with despite it’s not legal or get away with it because it was.
    6 Jan 2012, 06:44 AM Reply Like
  • Cliff Wachtel
    , contributor
    Comments (1766) | Send Message
     
    NB that transaction was very short term, wife sells CHF, buys USD, repurchases CHF mere weeks later & uses proceeds to fund property transaction to lock in gains. nice work if you can get it.
    6 Jan 2012, 06:45 AM Reply Like
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