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January 7, 2012

Swiss central banker fails to calm currency scandal

Filed under: Bridging Finance — Phill Taylor @ 12:11 am

photoZURICH (Reuters) - Switzerland’s biggest political party on Friday piled fresh pressure on the embattled head of the country’s central bank to quit over a currency trade scandal. Politicians and media said Philipp Hildebrand had failed to defuse the crisis when he pledged at a news conference on Thursday to fight accusations of wrongdoing over the controversial trade by his wife Kashya and refused to step down. She spent 400,000 Swiss francs to buy dollars last August, just three weeks before the Swiss National Bank imposed a cap on the soaring Swiss currency. …

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