SWISS BANK Chief BREAKS SILENCE-there is no violation of the rules of the National Bank of Switzerland last year, according to the President of Phillipp Hildebrand.
He rejected calls to resign yesterday afternoon over a scandal involving currency transactions with his wife, Kaysha, who bought the US dollars to move by the SNB last summer to devalue the franc Switzerland. He later sold them profit-Revelation is very embarrassing for her husband who has been under fire over the issue.
Haig Simonians from the Financial Times said Mr. Hildebrand do a good job yesterday in explaining what has happened-expressed remorse and provide adequate information.
He said it appeared that the SNB’s head and his wife, a former currency trader, having conversations about currency movements.
Journalist ft said it was no surprise that the “incredible gyrations” on the currency market last year has been a topic of conversation, but it’s odd that a woman who is married to the head of the central bank of Central State involved did not think twice before the transaction.