The Local Switzerland

Hildebrand linked with commodities billionaire

Tue, 05 Nov 2013 00:24:00 +0100

Former Swiss National Bank chairman Philipp Hildebrand has left his wife to take up with Margarita Louis-Dreyfus, a Russian-Swiss billionaire who controls the Louis-Dreyfus Commodities group, L’Hebdo magazine reported online on Monday.

Swiss probe launched against former SNB chair

Thu, 22 Aug 2013 23:15:00 +0200

The federal prosecutor’s office has launched a criminal investigation into Philipp Hildebrand, the former chairman of the Swiss National Bank who resigned in January 2012, a Swiss magazine says.

Credit Suisse sells fund to Black Rock

Thu, 10 Jan 2013 16:06:00 +0100

Swiss banking giant Credit Suisse said on Thursday it would sell its stock exchange-traded investment fund business to US investment firm BlackRock as part of a divestment plan announced last July.

Ex-Swiss central bank head joins Oxford Uni

Wed, 21 Mar 2012 18:17:00 +0100

Philipp Hildebrand, who quit as head of the Swiss central bank amid a scandal, is to become a senior visiting fellow at Britain's prestigious Oxford University, his school said on Wednesday.

Swiss central banker sees franc weakening

Wed, 25 Jan 2012 11:23:00 +0100

The Swiss National Bank, which set an exchange rate floor against the euro of 1.20 francs to curb its spike in value, expects the franc to decline in the future, a board member said on Tuesday.

Ex Swiss bank chief 'to get 12 months pay'

Thu, 12 Jan 2012 13:23:00 +0100

Former Swiss central bank chief Philipp Hildebrand will receive a full 12 months salary after quitting in a scandal over foreign exchange trades by his wife, media reported on Thursday.

Hildebrand's wife says sorry to Swiss people

Thu, 12 Jan 2012 12:38:18 +0100

Kashya Hildebrand, the wife of Switzerland's former central back chief, has apologised to her husband and the Swiss people for the massive currency transaction that led to her husband's resignation amid accusations of insider trading.

Hildebrand was pushed: report

Tue, 10 Jan 2012 11:47:00 +0100

The resignation of Swiss central bank chief Philipp Hildebrand came at the urging of the eleven-member Bank Council, newspaper Blick reports.

Swiss central bank head resigns after scandal

Mon, 09 Jan 2012 15:41:00 +0100

The embattled head of the Swiss central bank, Philipp Hildebrand, announced his resignation on Monday with immediate effect after being caught up in a scandal over foreign exchange trades by his wife.

Central bank vows to defend euro-franc floor

Mon, 09 Jan 2012 17:20:00 +0100

The Swiss National Bank (SNB) said on Monday it will continue to defend "with the utmost determination" the exchange rate floor of 1.20 francs a euro following the surprise resignation of the central bank's chairman.

Tipster in bank scandal attempts suicide: report

Mon, 09 Jan 2012 09:45:00 +0100

A bank employee who allegedly stole details of a currency transaction that would lead to a scandal enveloping Swiss central bank chief Philipp Hildebrand has attempted suicide, the SonntagsZeitung
newspaper reported on Sunday.

Hildebrand says he 'acted correctly' on deals

Fri, 06 Jan 2012 18:10:00 +0100

Swiss central bank chief Philipp Hildebrand on Thursday defended himself against criticism of foreign currency transactions made by his family last year and suggested "political motives" were at work.

Banker to break silence on wife's dollar deal

Thu, 05 Jan 2012 14:09:00 +0100

Swiss central bank chief Philipp Hildebrand is due to break his silence later on Thursday over his wife's controversial dollar purchase that has sparked a growing scandal and speculation over insider trading.

Swiss media call for SNB chief's resignation

Thu, 05 Jan 2012 14:04:51 +0100

Swiss newspapers believe the reputation of the Swiss National Bank (SNB) has been seriously damaged by reports that the wife of bank chief Philipp Hildebrand made tens of thousands of francs in profit by speculating on an overvalued franc.

Bank chief 'unaware of wife's investment'

Thu, 05 Jan 2012 09:31:00 +0100

Swiss central bank chief Philipp Hildebrand did not know about his wife's purchase of $504,000 dollars until the day after the transaction, a report by the bank's auditor said on Wednesday.

Swiss bank chief rocked by currency swap claims

Wed, 04 Jan 2012 15:01:00 +0100

Swiss central bank chief Philipp Hildebrand on Wednesday faced fresh claims about his personal currency transactions in a scandal that has shaken the Swiss banking industry.