Swiss National Bank Chairman resigns

After much criticism the SNB chairman Philipp Hildebrand has finally resigned. The chairman was facing criticism after his wife had

After much criticism the SNB chairman Philipp Hildebrand has finally resigned. The chairman was facing criticism after his wife had benefited from foreign exchange dealing where she purchased and sold CHF against the greenback for a profit when the SNB intervened in the currency.

Hildebrand had a meeting with the parliamentary committee for Economic Affairs and Taxation looked at the situation from a political perspective. Switzerland is known for its high standards and regulations in financial services.

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