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Banking

SNB's Hildebrand resigns

Swiss National Bank's Philipp Hildebrand has resigned, after initially retaining his presidency at the central bank


The markets are a flutter with one single headline:




The Swiss National Bank's troubled Chairman Philipp Hildebrand - who despite being cleared of any wrong-doing in conjunction to his wife's questionable currency purchases just days before the Swiss Franc's devaluation - has lost to the court of public opinion and has clearly bowed to pressure to resign.


Hildebrand will be making a statement at 15:15  CET in Berne.

For more details on the case, check out Euromoney's coverage below:




Nightmare isn't over for Hildebrand

SNB's president was cleared of any wrongdoing and retained his job, but he is now answering to parliament over the controversial currency transaction

Click here for the full story


Confidence in SNB and Swiss banking wanes as Hildebrand stays on

The franc hits a three-week low after Swiss National Bank president Philipp Hildebrand announces he will stay on at the central bank, despite the FX transaction 'scandal' – and questions rise again over Swiss banking secrecy

Click here for the full story


Exploitation of FX markets?

Concerns continue to be raised over the lack of insider-trading law for the foreign-exchange industry, after the SNB's president Hildebrand was cleared of any wrongdoing when his family bought dollars just before the bank devalued the Swiss currency

Click here for the full story


Bank Sarasin employee allegedly passed on Hildebrand FX trade data to SVP party

The Swiss private bank says it has fired the employee who passed on data regarding the currency trades that placed the SNB president in the middle of an insider-trading case

Click here for the full story


Plot thickens on SNB insider-trading allegation

The Swiss National Bank's president Philipp Hildebrand has been cleared of insider trading, after allegations that his wife sold Swiss francs just a few days before the currency's devaluation. However, now Christoph Blocher has been accused by Swiss media of tipping off authorities

Click here for the full story



- Euromoney Skew Blog





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